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.
Guarantor
The legal entity and...
S-Corporation
A form of corporation, allowed by...
Subsidiary
A company for which a majority of the...
Amortization
A non-cash operating expense that...
Projection
An estimate of future economic or...
GPM%
The measure of every sales dollar left...
Primary Activity
The major business activity of...
Operating Leases
are deducted on the company’s...
Intermediary Organization
Organizations that play a funda...
B/E (Business EIDL) Loan
A business loan that...
Cash Flow Test
Part of the CET that determines if...
Collateral
Assets pledged by a borrower to secure a loan...
Small Disadvantaged Business Concern
A small business concern that...
Mentor
A business, usually large, or...
Prime Contract
A contract awarded directly...

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