Joint Venture

In the SBA Mentor-Protégé Program, an agreement between a certified 8(a) firm and a mentor firm to perform a specific federal contract.

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...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
SCORE
Counselors to America's Small Bus...
Adjusted Net Worth
Post disaster fair market value of tangible...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Subsidiary
A company for which a majority of the...
Substantial Damage
This means uninsured or otherwise uncompensated...
Protégé
A firm in a developmental stage that...
Contract
A mutually binding legal rel..
Credit Elsewhere Test (CET)
The test to determine the...
GPM%
The measure of every sales dollar left...
Guarantor
The legal entity and...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Negotiation
Contracting through the use of...
Amortization
A non-cash operating expense that...

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