Income Statement

Shows the entity’s income and expenses. (similar to a Profit & Loss Statement)

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.
Affiliated Group
When two or more...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Intermediary Organization
Organizations that play a funda...
Normal Annual Sales
Those sales that would have...
Principal
the owner(s) of the Applicant Entity that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
S-Corporation
A form of corporation, allowed by...
Contracting
Purchasing, renting, leasing, or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Applicant/Co-Applicant
Business entity and person requesting...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Defense Contractor
Any person who enters into...
Substantial Damage
This means uninsured or otherwise uncompensated...
Extraordinary Items
Additional expenses that are...

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