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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Protégé
A firm in a developmental stage that...
Duplicated Interest
The amount of interest exp...
Prime Contract
A contract awarded directly...
Business Activity
The business (or loss) activity of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Applicant/Co-Applicant
Business entity and person requesting...
Phase 2
Process to be used to determine economic injury for...
Guarantor
The legal entity and...
Contract
A mutually binding legal rel..
Equity
An accounting term used to...
Affiliate
Business concerns are affiliates if one concern...
Small Business
A business smaller than...
Depreciation
A non-cash operating expense that...
Partnering
A mutually beneficial business-to-bus...

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