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.
Phase 1
Process used to determine the...
Capital Leases
are for the purchase of fixed assets such as...
Income Statement
Shows the entity’s income and...
Physical Loans
Funds to repair/replace dis...
Applicant Individual
aka who is requesting an SBA loan...
Phase 2
Process to be used to determine economic injury for...
Guarantor
The legal entity and...
Hardship Waiver
Method used to approve a...
Injury Analysis
Measures the effects of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Current Assets
A balance sheet item which equals...
Request for Proposal (RFP)
A document outlining a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Full and Open Competition
With respect to a contract action...
Certified 8(a) Firm
A firm owned and operated by socially and...

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