Sole Proprietor

an individual who owns an unincorporated business by himself/ or herself.

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.
Affiliate
Business concerns are affiliates if one concern...
Electronic Data Interchange
Transmission of information bet...
Corporation (C-corp.)
The most common form of business org...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Best and Final Offer
For negotiated procurements...
Subcontract
A contract between a prime cont...
Limited Partnership
A business organization with one or...
Days Receivable
A measure of the average time a...
Contracting
Purchasing, renting, leasing, or...
Liabilities
A financial obligation...
Duplicated Interest
The amount of interest exp...
Small Disadvantaged Business Concern
A small business concern that...
Days Payable
A measure of the average time a...
Defense Contractor
Any person who enters into...
Hardship Waiver
Method used to approve a...

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