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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Defense Contractor
Any person who enters into...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
GPM%
The measure of every sales dollar left...
Full and Open Competition
With respect to a contract action...
Subsidiary
A company for which a majority of the...
Emerging Small Business
A small business concern whose...
Collateral
Assets pledged by a borrower to secure a loan...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Partnering
A mutually beneficial business-to-bus...
Normal Gross Margin
The margin that would have been...
Liabilities
A financial obligation...
Current Assets
A balance sheet item which equals...

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