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.
Companion File
When an applicant has another application filed...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Fair and Reasonable Price
A price that is fair to both parties...
Working Capital (WC)
The amount of current assets that...
Duplicated Interest
The amount of interest exp...
Request for Proposal (RFP)
A document outlining a...
Credit Elsewhere Test (CET)
The test to determine the...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Applicant Entity
The business entity requesting...
Contracting
Purchasing, renting, leasing, or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Lien
A legal claim against an...
Mentor
A business, usually large, or...
B/E (Business EIDL) Loan
A business loan that...
Negotiation
Contracting through the use of...

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