Principal

the owner(s) of the Applicant Entity that have a controlling financial interest in the business. SBA defines controlling interest as an owner who owns 20% or more of the Applicant Entity or are a General Partner or Managing Member regardless of ownership percentage.

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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Income Statement
Shows the entity’s income and...
Affiliated Group
When two or more...
Hardship Waiver
Method used to approve a...
Days Payable
A measure of the average time a...
Emerging Small Business
A small business concern whose...
Phase 1
Process used to determine the...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Injury Analysis
Measures the effects of...
GPM%
The measure of every sales dollar left...
Partnership
A type of unincorporated business org...
Extraordinary Items
Additional expenses that are...
Physical Loans
Funds to repair/replace dis...

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