Corporation (C-corp.)

The most common form of business organization, and one, which is chartered by a state and given many legal rights as an entity separate from its owners. Characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern.

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.
Companion File
When an applicant has another application filed...
S-Corporation
A form of corporation, allowed by...
Fair and Reasonable Price
A price that is fair to both parties...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Applicant Individual
aka who is requesting an SBA loan...
Certificate of Competency
A certificate issued by the Small Bus...
Mentor
A business, usually large, or...
Income Statement
Shows the entity’s income and...
Days Receivable
A measure of the average time a...
Subsidiary
A company for which a majority of the...
Request for Proposal (RFP)
A document outlining a...
Principal
the owner(s) of the Applicant Entity that...
Corporation (C-corp.)
The most common form of business org...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Phase 1
Process used to determine the...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.