Emerging Small Business

A small business concern whose size is no greater than 50 percent of the numerical size standard applicable to the Standard Industrial Classification code assigned to a contracting opportunity.

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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Affiliated Group
When two or more...
Injury Period
The time period during...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Certificate of Competency
A certificate issued by the Small Bus...
Comparative Analysis
Is designed to point out significant trends that...
Small Disadvantaged Business Concern
A small business concern that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Affiliate
Business concerns are affiliates if one concern...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Contracting
Purchasing, renting, leasing, or...
Subcontract
A contract between a prime cont...
Applicant Individual
aka who is requesting an SBA loan...
Partnering
A mutually beneficial business-to-bus...
Phase 1
Process used to determine the...

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