Emerging Small Business

A small business concern whose size is no greater than 50 percent of the numerical size standard applicable to the Standard Industrial Classification code assigned to a contracting opportunity.

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.
Partnering
A mutually beneficial business-to-bus...
Credit Elsewhere Test (CET)
The test to determine the...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
GPM%
The measure of every sales dollar left...
Income Statement
Shows the entity’s income and...
Prime Contract
A contract awarded directly...
Limited Partnership
A business organization with one or...
S-Corporation
A form of corporation, allowed by...
Lien
A legal claim against an...
Business Activity
The business (or loss) activity of...
Certificate of Competency
A certificate issued by the Small Bus...
Applicant/Co-Applicant
Business entity and person requesting...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Contractor Team Arrangement
An arrangement in which...
Applicant Individual
aka who is requesting an SBA loan...

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