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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.
Sole Proprietor
an individual who...
Substantial Damage
This means uninsured or otherwise uncompensated...
Current Assets
A balance sheet item which equals...
Projection
An estimate of future economic or...
Injury Period
The time period during...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Income Statement
Shows the entity’s income and...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Equity
An accounting term used to...
Break-even Analysis
A calculation of the approximate sales...
Phase 1
Process used to determine the...
Capital Leases
are for the purchase of fixed assets such as...
SCORE
Counselors to America's Small Bus...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
NAICS
NAICS codes are common...

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