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.
An estimate of future economic or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Business concerns are affiliates if one concern...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Normal Annual Sales
Those sales that would have...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Income Statement
Shows the entity’s income and...
Injury Period
The time period during...
Counselors to America's Small Bus...
A mutually binding legal rel..
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Duplicated Interest
The amount of interest exp...
Best and Final Offer
For negotiated procurements...
Contractor Team Arrangement
An arrangement in which...

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