Protégé

A firm in a developmental stage that aspires to increasing its capabilities through a mutually beneficial business-to-business relationship.

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.
Credit Score Test
Part of the home loan CET show a...
Phase 1
Process used to determine the...
Income Statement
Shows the entity’s income and...
Fair and Reasonable Price
A price that is fair to both parties...
Cash-basis Accounting
records revenue when cash is...
Lien
A legal claim against an...
NAICS
NAICS codes are common...
Best and Final Offer
For negotiated procurements...
Emerging Small Business
A small business concern whose...
Mentor
A business, usually large, or...
Electronic Data Interchange
Transmission of information bet...
Affiliated Group
When two or more...
Current Assets
A balance sheet item which equals...
Credit Elsewhere Test (CET)
The test to determine the...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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