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.
Physical Loans
Funds to repair/replace dis...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Current Assets
A balance sheet item which equals...
Small Disadvantaged Business Concern
A small business concern that...
Injury Period
The time period during...
Injury Analysis
Measures the effects of...
Corporation (C-corp.)
The most common form of business org...
Primary Activity
The major business activity of...
Subsidiary
A company for which a majority of the...
B/E (Business EIDL) Loan
A business loan that...
Partnering
A mutually beneficial business-to-bus...
Capital Leases
are for the purchase of fixed assets such as...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Lien
A legal claim against an...
Prime Contract
A contract awarded directly...

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