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.
Full and Open Competition
With respect to a contract action...
Days Receivable
A measure of the average time a...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Prime Contract
A contract awarded directly...
Adjusted Net Worth
Post disaster fair market value of tangible...
Partnership
A type of unincorporated business org...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Normal Gross Margin
The margin that would have been...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Lien
A legal claim against an...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Hardship Waiver
Method used to approve a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
NAICS
NAICS codes are common...

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