Glossary
SBA Terms

Small Business Development Centers (SBDC)

SBDCs offer a broad spectrum of business information and guidance as well as assistance in preparing loan applications.

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.
Explore 7a loans

SBA 504 Loans

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

SBA Microloans

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

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
SCORE
Counselors to America's Small Bus...
Duplicated Interest
The amount of interest exp...
Days Receivable
A measure of the average time a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Guarantor
The legal entity and...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Cash-basis Accounting
records revenue when cash is...
Depreciation
A non-cash operating expense that...
Companion File
When an applicant has another application filed...
Projection
An estimate of future economic or...
Contractor Team Arrangement
An arrangement in which...
Lien
A legal claim against an...
Request for Proposal (RFP)
A document outlining a...
Limited Partnership
A business organization with one or...
Certified 8(a) Firm
A firm owned and operated by socially and...

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