Partnering

A mutually beneficial business-to-business relationship based on trust and commitment and that enhances the capabilities of both parties.

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.
Affiliated Group
When two or more...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Partnership
A type of unincorporated business org...
Mentor
A business, usually large, or...
Acquisition
The acquiring of supplies or...
Partnering
A mutually beneficial business-to-bus...
Substantial Damage
This means uninsured or otherwise uncompensated...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Income Statement
Shows the entity’s income and...
B/E (Business EIDL) Loan
A business loan that...
Cash-basis Accounting
records revenue when cash is...
Emerging Small Business
A small business concern whose...
Equity
An accounting term used to...
Days Receivable
A measure of the average time a...

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