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.
S-Corporation
A form of corporation, allowed by...
Business Activity
The business (or loss) activity of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Guarantor
The legal entity and...
Projection
An estimate of future economic or...
Income Statement
Shows the entity’s income and...
Partnership
A type of unincorporated business org...
Emerging Small Business
A small business concern whose...
Intermediary Organization
Organizations that play a funda...
Credit Elsewhere Test (CET)
The test to determine the...
Substantial Damage
This means uninsured or otherwise uncompensated...
Cash Flow Test
Part of the CET that determines if...
Applicant Entity
The business entity requesting...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Limited Partnership
A business organization with one or...

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