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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.
Acquisition
The acquiring of supplies or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Contractor Team Arrangement
An arrangement in which...
Applicant Entity
The business entity requesting...
Applicant Individual
aka who is requesting an SBA loan...
Applicant/Co-Applicant
Business entity and person requesting...
Prime Contract
A contract awarded directly...
Normal Gross Margin
The margin that would have been...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Electronic Data Interchange
Transmission of information bet...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Limited Partnership
A business organization with one or...
Contracting
Purchasing, renting, leasing, or...
SCORE
Counselors to America's Small Bus...
Credit Elsewhere Test (CET)
The test to determine the...

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