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.
Physical Loans
Funds to repair/replace dis...
Prime Contract
A contract awarded directly...
Current Assets
A balance sheet item which equals...
Extraordinary Items
Additional expenses that are...
Affiliate
Business concerns are affiliates if one concern...
Principal
the owner(s) of the Applicant Entity that...
Collateral
Assets pledged by a borrower to secure a loan...
Defense Contractor
Any person who enters into...
Normal Annual Sales
Those sales that would have...
Comparative Analysis
Is designed to point out significant trends that...
Partnership
A type of unincorporated business org...
Credit Elsewhere Test (CET)
The test to determine the...
Cash Flow Test
Part of the CET that determines if...
Current Liabilities
A balance sheet item, which...
Joint Venture
In the SBA Mentor-Protégé Program...

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