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.
Limited Partnership
A business organization with one or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contracting Officer
A person with the authority to...
Contractor Team Arrangement
An arrangement in which...
Best and Final Offer
For negotiated procurements...
Normal Gross Margin
The margin that would have been...
Collateral
Assets pledged by a borrower to secure a loan...
Full and Open Competition
With respect to a contract action...
Credit Elsewhere Test (CET)
The test to determine the...
Affiliates
Business concerns, organizations, or...
Affiliated Group
When two or more...
Contracting
Purchasing, renting, leasing, or...
Principal
the owner(s) of the Applicant Entity that...
Certificate of Competency
A certificate issued by the Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...

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