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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.
Primary Activity
The major business activity of...
Protégé
A firm in a developmental stage that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Lien
A legal claim against an...
Guarantor
The legal entity and...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Depreciation
A non-cash operating expense that...
Current Assets
A balance sheet item which equals...
Equity
An accounting term used to...
Subsidiary
A company for which a majority of the...
Affiliate
Business concerns are affiliates if one concern...
Normal Gross Margin
The margin that would have been...
Affiliated Group
When two or more...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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