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.
Affiliated Group
When two or more...
Cash Flow Test
Part of the CET that determines if...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Applicant/Co-Applicant
Business entity and person requesting...
Injury Analysis
Measures the effects of...
Small Business
A business smaller than...
Prime Contract
A contract awarded directly...
Lien
A legal claim against an...
S-Corporation
A form of corporation, allowed by...
Certificate of Competency
A certificate issued by the Small Bus...
NAICS
NAICS codes are common...
Affiliates
Business concerns, organizations, or...
Projection
An estimate of future economic or...
Primary Activity
The major business activity of...
Protégé
A firm in a developmental stage that...

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