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.
Amortization
A non-cash operating expense that...
Small Business
A business smaller than...
Affiliated Group
When two or more...
Guarantor
The legal entity and...
Affiliate
Business concerns are affiliates if one concern...
Best and Final Offer
For negotiated procurements...
Collateral
Assets pledged by a borrower to secure a loan...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Partnership
A type of unincorporated business org...
Projection
An estimate of future economic or...
Full and Open Competition
With respect to a contract action...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Equity
An accounting term used to...
GPM%
The measure of every sales dollar left...
Corporation (C-corp.)
The most common form of business org...

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