Electronic Data Interchange

Transmission of information between computers using highly standardized electronic versions of common business documents.

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.
Projection
An estimate of future economic or...
Prime Contract
A contract awarded directly...
Certified 8(a) Firm
A firm owned and operated by socially and...
Limited Partnership
A business organization with one or...
NAICS
NAICS codes are common...
Joint Venture
In the SBA Mentor-Protégé Program...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant/Co-Applicant
Business entity and person requesting...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Depreciation
A non-cash operating expense that...
Normal Gross Margin
The margin that would have been...
Negotiation
Contracting through the use of...
Amortization
A non-cash operating expense that...
Cash-basis Accounting
records revenue when cash is...
Affiliated Group
When two or more...

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