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.
NAICS
NAICS codes are common...
Applicant Individual
aka who is requesting an SBA loan...
S-Corporation
A form of corporation, allowed by...
SCORE
Counselors to America's Small Bus...
Contract
A mutually binding legal rel..
Break-even Analysis
A calculation of the approximate sales...
Protégé
A firm in a developmental stage that...
Certificate of Competency
A certificate issued by the Small Bus...
Credit Score Test
Part of the home loan CET show a...
Lien
A legal claim against an...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Operating Leases
are deducted on the company’s...
Normal Gross Margin
The margin that would have been...
Limited Partnership
A business organization with one or...
Acquisition
The acquiring of supplies or...

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