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.
Partnering
A mutually beneficial business-to-bus...
Liabilities
A financial obligation...
Acquisition
The acquiring of supplies or...
Trend Analysis
A comparative analysis of...
Electronic Data Interchange
Transmission of information bet...
Sole Proprietor
an individual who...
Capital Leases
are for the purchase of fixed assets such as...
Guarantor
The legal entity and...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Contracting Officer
A person with the authority to...
Duplicated Interest
The amount of interest exp...
SCORE
Counselors to America's Small Bus...
Credit Score Test
Part of the home loan CET show a...
Equity
An accounting term used to...

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