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.
Applicant Individual
aka who is requesting an SBA loan...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Partnering
A mutually beneficial business-to-bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Affiliates
Business concerns, organizations, or...
Capital Leases
are for the purchase of fixed assets such as...
Certificate of Competency
A certificate issued by the Small Bus...
Contracting
Purchasing, renting, leasing, or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Normal Annual Sales
Those sales that would have...
Duplicated Interest
The amount of interest exp...
Equity
An accounting term used to...
Mentor
A business, usually large, or...
Physical Loans
Funds to repair/replace dis...

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