Guarantor

The legal entity and/or person who guarantees an obligation and has a legal duty to fulfill it.

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.
Request for Proposal (RFP)
A document outlining a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Partnering
A mutually beneficial business-to-bus...
Negotiation
Contracting through the use of...
Contract
A mutually binding legal rel..
Limited Partnership
A business organization with one or...
Income Statement
Shows the entity’s income and...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Normal Gross Margin
The margin that would have been...
Injury Period
The time period during...
Amortization
A non-cash operating expense that...
Sole Proprietor
an individual who...
Contracting
Purchasing, renting, leasing, or...
SCORE
Counselors to America's Small Bus...
Contractor Team Arrangement
An arrangement in which...

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