Glossary
SBA Terms

SCORE

Counselors to America's Small Business is a 12,400-member volunteer association sponsored by the SBA. SCORE matches volunteer business-management counselors with present prospective small business owners in need of expert advice.

Updated on
September 9, 2022
Published on
June 20, 2018
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Applicant Individual
aka who is requesting an SBA loan...
SCORE
Counselors to America's Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Primary Activity
The major business activity of...
Extraordinary Items
Additional expenses that are...
Subcontract
A contract between a prime cont...
Lien
A legal claim against an...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Small Business
A business smaller than...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Normal Annual Sales
Those sales that would have...
Fair and Reasonable Price
A price that is fair to both parties...
Injury Period
The time period during...
Standard Industrial Classification (SIC) Code
A code representing a category within...
B/E (Business EIDL) Loan
A business loan that...

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