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 Liability Entities (company/partnership)
An LLE provides business owners with...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Partnering
A mutually beneficial business-to-bus...
Cash-basis Accounting
records revenue when cash is...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Emerging Small Business
A small business concern whose...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Collateral
Assets pledged by a borrower to secure a loan...
Applicant Individual
aka who is requesting an SBA loan...
Capital Leases
are for the purchase of fixed assets such as...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Business
A business smaller than...
Affiliates
Business concerns, organizations, or...
Trend Analysis
A comparative analysis of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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