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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Emerging Small Business
A small business concern whose...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Mentor
A business, usually large, or...
Fair and Reasonable Price
A price that is fair to both parties...
Liabilities
A financial obligation...
Partnership
A type of unincorporated business org...
Companion File
When an applicant has another application filed...
Corporation (C-corp.)
The most common form of business org...
Income Statement
Shows the entity’s income and...
Normal Gross Margin
The margin that would have been...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Best and Final Offer
For negotiated procurements...
Cash Flow Test
Part of the CET that determines if...

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