Guarantor

The legal entity and/or person who guarantees an obligation and has a legal duty to fulfill it.

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.
Partnership
A type of unincorporated business org...
Protégé
A firm in a developmental stage that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Current Assets
A balance sheet item which equals...
Full and Open Competition
With respect to a contract action...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Partnering
A mutually beneficial business-to-bus...
Emerging Small Business
A small business concern whose...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Defense Contractor
Any person who enters into...
Operating Leases
are deducted on the company’s...
Days Receivable
A measure of the average time a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Phase 2
Process to be used to determine economic injury for...
Contracting
Purchasing, renting, leasing, or...

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