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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Limited Partnership
A business organization with one or...
Duplicated Interest
The amount of interest exp...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Electronic Data Interchange
Transmission of information bet...
Lien
A legal claim against an...
Liabilities
A financial obligation...
SCORE
Counselors to America's Small Bus...
Contract
A mutually binding legal rel..
Collateral
Assets pledged by a borrower to secure a loan...
Affiliate
Business concerns are affiliates if one concern...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contracting
Purchasing, renting, leasing, or...
Contractor Team Arrangement
An arrangement in which...
Small Disadvantaged Business Concern
A small business concern that...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.