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.
Partnering
A mutually beneficial business-to-bus...
Cash Flow Test
Part of the CET that determines if...
Negotiation
Contracting through the use of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
S-Corporation
A form of corporation, allowed by...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contract
A mutually binding legal rel..
Electronic Data Interchange
Transmission of information bet...
Adjusted Net Worth
Post disaster fair market value of tangible...
SCORE
Counselors to America's Small Bus...
Projection
An estimate of future economic or...
Joint Venture
In the SBA Mentor-Protégé Program...
Injury Analysis
Measures the effects of...
Contractor Team Arrangement
An arrangement in which...

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