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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliates
Business concerns, organizations, or...
Hardship Waiver
Method used to approve a...
NAICS
NAICS codes are common...
Principal
the owner(s) of the Applicant Entity that...
Operating Leases
are deducted on the company’s...
Depreciation
A non-cash operating expense that...
Credit Score Test
Part of the home loan CET show a...
Applicant Entity
The business entity requesting...
Duplicated Interest
The amount of interest exp...
Equity
An accounting term used to...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Affiliated Group
When two or more...
Partnership
A type of unincorporated business org...
Assets
The amount of current assets that is left...

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