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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Small Business
A business smaller than...
Working Capital (WC)
The amount of current assets that...
NAICS
NAICS codes are common...
Substantial Damage
This means uninsured or otherwise uncompensated...
Current Assets
A balance sheet item which equals...
Business Activity
The business (or loss) activity of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Capital Leases
are for the purchase of fixed assets such as...
Depreciation
A non-cash operating expense that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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