Income Statement

Shows the entity’s income and expenses. (similar to a Profit & Loss Statement)

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.
Projection
An estimate of future economic or...
Applicant Entity
The business entity requesting...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Physical Loans
Funds to repair/replace dis...
Intermediary Organization
Organizations that play a funda...
Full and Open Competition
With respect to a contract action...
Certified 8(a) Firm
A firm owned and operated by socially and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Protégé
A firm in a developmental stage that...
Electronic Data Interchange
Transmission of information bet...
Small Business
A business smaller than...
Days Receivable
A measure of the average time a...
Phase 1
Process used to determine the...
Request for Proposal (RFP)
A document outlining a...
Emerging Small Business
A small business concern whose...

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