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.
Subsidiary
A company for which a majority of the...
Lien
A legal claim against an...
Contracting Officer
A person with the authority to...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Liabilities
A financial obligation...
Mentor
A business, usually large, or...
Subcontract
A contract between a prime cont...
Days Payable
A measure of the average time a...
Contractor Team Arrangement
An arrangement in which...
Limited Partnership
A business organization with one or...
Contracting
Purchasing, renting, leasing, or...
Phase 2
Process to be used to determine economic injury for...
Capital Leases
are for the purchase of fixed assets such as...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Negotiation
Contracting through the use of...

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