Small Business Development Centers (SBDC)

SBDCs offer a broad spectrum of business information and guidance as well as assistance in preparing loan applications.

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.
Equity
An accounting term used to...
Amortization
A non-cash operating expense that...
S-Corporation
A form of corporation, allowed by...
Small Business
A business smaller than...
Request for Proposal (RFP)
A document outlining a...
Phase 2
Process to be used to determine economic injury for...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Applicant/Co-Applicant
Business entity and person requesting...
Emerging Small Business
A small business concern whose...
Partnership
A type of unincorporated business org...
Affiliates
Business concerns, organizations, or...
Current Liabilities
A balance sheet item, which...
Contracting Officer
A person with the authority to...
Applicant Entity
The business entity requesting...
Hardship Waiver
Method used to approve a...

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