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.
Current Assets
A balance sheet item which equals...
Duplicated Interest
The amount of interest exp...
Injury Period
The time period during...
Principal
the owner(s) of the Applicant Entity that...
Affiliate
Business concerns are affiliates if one concern...
Protégé
A firm in a developmental stage that...
Physical Loans
Funds to repair/replace dis...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Credit Elsewhere Test (CET)
The test to determine the...
Extraordinary Items
Additional expenses that are...
NAICS
NAICS codes are common...
Partnership
A type of unincorporated business org...
Amortization
A non-cash operating expense that...
Small Disadvantaged Business Concern
A small business concern that...
Days Receivable
A measure of the average time a...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.