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.
S-Corporation
A form of corporation, allowed by...
Guarantor
The legal entity and...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Limited Partnership
A business organization with one or...
Business Activity
The business (or loss) activity of...
GPM%
The measure of every sales dollar left...
Operating Leases
are deducted on the company’s...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Cash-basis Accounting
records revenue when cash is...
Full and Open Competition
With respect to a contract action...
Assets
The amount of current assets that is left...
Affiliate
Business concerns are affiliates if one concern...
Small Disadvantaged Business Concern
A small business concern that...
Break-even Analysis
A calculation of the approximate sales...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

Get the quick rundown on SBA Loans

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