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.
Partnership
A type of unincorporated business org...
Physical Loans
Funds to repair/replace dis...
Certified 8(a) Firm
A firm owned and operated by socially and...
S-Corporation
A form of corporation, allowed by...
Companion File
When an applicant has another application filed...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Normal Gross Margin
The margin that would have been...
Contractor Team Arrangement
An arrangement in which...
Hardship Waiver
Method used to approve a...
Applicant/Co-Applicant
Business entity and person requesting...
Operating Leases
are deducted on the company’s...
Injury Analysis
Measures the effects of...
Current Assets
A balance sheet item which equals...
Standard Industrial Classification (SIC) Code
A code representing a category within...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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