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.
Comparative Analysis
Is designed to point out significant trends that...
Physical Loans
Funds to repair/replace dis...
Full and Open Competition
With respect to a contract action...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Affiliated Group
When two or more...
Negotiation
Contracting through the use of...
Principal
the owner(s) of the Applicant Entity that...
Intermediary Organization
Organizations that play a funda...
Fair and Reasonable Price
A price that is fair to both parties...
Mentor
A business, usually large, or...
Best and Final Offer
For negotiated procurements...
Certified 8(a) Firm
A firm owned and operated by socially and...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Corporation (C-corp.)
The most common form of business org...

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