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.
NAICS
NAICS codes are common...
Break-even Analysis
A calculation of the approximate sales...
Joint Venture
In the SBA Mentor-Protégé Program...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Negotiation
Contracting through the use of...
Collateral
Assets pledged by a borrower to secure a loan...
GPM%
The measure of every sales dollar left...
Best and Final Offer
For negotiated procurements...
Primary Activity
The major business activity of...
Comparative Analysis
Is designed to point out significant trends that...
Extraordinary Items
Additional expenses that are...
Fair and Reasonable Price
A price that is fair to both parties...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contract
A mutually binding legal rel..

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