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.
NAICS
NAICS codes are common...
Full and Open Competition
With respect to a contract action...
Depreciation
A non-cash operating expense that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Principal
the owner(s) of the Applicant Entity that...
Intermediary Organization
Organizations that play a funda...
Hardship Waiver
Method used to approve a...
Normal Gross Margin
The margin that would have been...
Applicant Individual
aka who is requesting an SBA loan...
Protégé
A firm in a developmental stage that...
Lien
A legal claim against an...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
SCORE
Counselors to America's Small Bus...
Injury Analysis
Measures the effects of...
Small Business
A business smaller than...

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