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.
Defense Contractor
Any person who enters into...
Mentor
A business, usually large, or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Small Disadvantaged Business Concern
A small business concern that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Business Activity
The business (or loss) activity of...
Collateral
Assets pledged by a borrower to secure a loan...
Certificate of Competency
A certificate issued by the Small Bus...
Phase 1
Process used to determine the...
Working Capital (WC)
The amount of current assets that...
Amortization
A non-cash operating expense that...
Projection
An estimate of future economic or...
Acquisition
The acquiring of supplies or...
Contracting
Purchasing, renting, leasing, or...
Joint Venture
In the SBA Mentor-Protégé Program...

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