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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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Duplicated Interest
The amount of interest exp...
Partnership
A type of unincorporated business org...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Companion File
When an applicant has another application filed...
B/E (Business EIDL) Loan
A business loan that...
Phase 1
Process used to determine the...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Electronic Data Interchange
Transmission of information bet...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certified 8(a) Firm
A firm owned and operated by socially and...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Capital Leases
are for the purchase of fixed assets such as...

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