Joint Venture

In the SBA Mentor-Protégé Program, an agreement between a certified 8(a) firm and a mentor firm to perform a specific federal contract.

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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Intermediary Organization
Organizations that play a funda...
Lien
A legal claim against an...
Cash Flow Test
Part of the CET that determines if...
SCORE
Counselors to America's Small Bus...
Fair and Reasonable Price
A price that is fair to both parties...
Negotiation
Contracting through the use of...
Collateral
Assets pledged by a borrower to secure a loan...
Corporation (C-corp.)
The most common form of business org...
Physical Loans
Funds to repair/replace dis...
Limited Partnership
A business organization with one or...
Subcontract
A contract between a prime cont...
Mentor
A business, usually large, or...
Primary Activity
The major business activity of...

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