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.
Contracting
Purchasing, renting, leasing, or...
Depreciation
A non-cash operating expense that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Trend Analysis
A comparative analysis of...
B/E (Business EIDL) Loan
A business loan that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Collateral
Assets pledged by a borrower to secure a loan...
Guarantor
The legal entity and...
Sole Proprietor
an individual who...
Credit Elsewhere Test (CET)
The test to determine the...
Duplicated Interest
The amount of interest exp...
Contracting Officer
A person with the authority to...
Affiliates
Business concerns, organizations, or...
Fair and Reasonable Price
A price that is fair to both parties...
Request for Proposal (RFP)
A document outlining a...

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