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.
Cash-basis Accounting
records revenue when cash is...
Contracting Officer
A person with the authority to...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Subcontract
A contract between a prime cont...
Working Capital (WC)
The amount of current assets that...
Applicant Individual
aka who is requesting an SBA loan...
Credit Elsewhere Test (CET)
The test to determine the...
Best and Final Offer
For negotiated procurements...
Operating Leases
are deducted on the company’s...
Affiliate
Business concerns are affiliates if one concern...
Substantial Damage
This means uninsured or otherwise uncompensated...
Corporation (C-corp.)
The most common form of business org...
Lien
A legal claim against an...
Mentor
A business, usually large, or...
Duplicated Interest
The amount of interest exp...

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