Small Disadvantaged Business Concern

A small business concern that is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged. This can include a publicly owned business that has at least 51 percent of its stock unconditionally owned by one or more socially and economically disadvantaged individuals and whose management and daily business is controlled by one or more such individuals.

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.
Partnership
A type of unincorporated business org...
Duplicated Interest
The amount of interest exp...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Principal
the owner(s) of the Applicant Entity that...
Negotiation
Contracting through the use of...
Days Receivable
A measure of the average time a...
Corporation (C-corp.)
The most common form of business org...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Normal Annual Sales
Those sales that would have...
Operating Leases
are deducted on the company’s...
Applicant/Co-Applicant
Business entity and person requesting...
Income Statement
Shows the entity’s income and...
Amortization
A non-cash operating expense that...
Cash-basis Accounting
records revenue when cash is...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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