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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.
Projection
An estimate of future economic or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
S-Corporation
A form of corporation, allowed by...
Substantial Damage
This means uninsured or otherwise uncompensated...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Electronic Data Interchange
Transmission of information bet...
Lien
A legal claim against an...
Comparative Analysis
Is designed to point out significant trends that...
Small Disadvantaged Business Concern
A small business concern that...
Full and Open Competition
With respect to a contract action...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Fair and Reasonable Price
A price that is fair to both parties...
Corporation (C-corp.)
The most common form of business org...
Prime Contract
A contract awarded directly...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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