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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.
Subcontract
A contract between a prime cont...
Operating Leases
are deducted on the company’s...
SCORE
Counselors to America's Small Bus...
Days Receivable
A measure of the average time a...
NAICS
NAICS codes are common...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Defense Contractor
Any person who enters into...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Principal
the owner(s) of the Applicant Entity that...
Companion File
When an applicant has another application filed...
Applicant Individual
aka who is requesting an SBA loan...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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