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.
Mentor
A business, usually large, or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Trend Analysis
A comparative analysis of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Sole Proprietor
an individual who...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Comparative Analysis
Is designed to point out significant trends that...
Certificate of Competency
A certificate issued by the Small Bus...
Guarantor
The legal entity and...
Depreciation
A non-cash operating expense that...
Working Capital (WC)
The amount of current assets that...
Affiliated Group
When two or more...
Business Activity
The business (or loss) activity of...
Current Liabilities
A balance sheet item, which...
Contracting
Purchasing, renting, leasing, or...

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