NAICS

North American Industrial Classification System

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.
Trend Analysis
A comparative analysis of...
Mentor
A business, usually large, or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Fair and Reasonable Price
A price that is fair to both parties...
Income Statement
Shows the entity’s income and...
Amortization
A non-cash operating expense that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Defense Contractor
Any person who enters into...
Partnering
A mutually beneficial business-to-bus...
Phase 2
Process to be used to determine economic injury for...
Principal
the owner(s) of the Applicant Entity that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Normal Annual Sales
Those sales that would have...
Sole Proprietor
an individual who...

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