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.
Applicant Individual
aka who is requesting an SBA loan...
GPM%
The measure of every sales dollar left...
Request for Proposal (RFP)
A document outlining a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Small Business
A business smaller than...
Normal Gross Margin
The margin that would have been...
Intermediary Organization
Organizations that play a funda...
Trend Analysis
A comparative analysis of...
Protégé
A firm in a developmental stage that...
Applicant/Co-Applicant
Business entity and person requesting...
Joint Venture
In the SBA Mentor-Protégé Program...
Certificate of Competency
A certificate issued by the Small Bus...
Current Assets
A balance sheet item which equals...
Applicant Entity
The business entity requesting...
Amortization
A non-cash operating expense that...

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