Corporation (C-corp.)

The most common form of business organization, and one, which is chartered by a state and given many legal rights as an entity separate from its owners. Characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Corporation (C-corp.)
The most common form of business org...
Business Activity
The business (or loss) activity of...
Phase 1
Process used to determine the...
Income Statement
Shows the entity’s income and...
Collateral
Assets pledged by a borrower to secure a loan...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Defense Contractor
Any person who enters into...
Cash Flow Test
Part of the CET that determines if...
Lien
A legal claim against an...
Guarantor
The legal entity and...
SCORE
Counselors to America's Small Bus...
Cash-basis Accounting
records revenue when cash is...
Contracting
Purchasing, renting, leasing, or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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