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...
SCORE
Counselors to America's Small Bus...
Injury Analysis
Measures the effects of...
Best and Final Offer
For negotiated procurements...
Income Statement
Shows the entity’s income and...
Liabilities
A financial obligation...
Affiliate
Business concerns are affiliates if one concern...
Negotiation
Contracting through the use of...
Business Activity
The business (or loss) activity of...
Protégé
A firm in a developmental stage that...
Certificate of Competency
A certificate issued by the Small Bus...
Normal Gross Margin
The margin that would have been...
Current Liabilities
A balance sheet item, which...
Credit Elsewhere Test (CET)
The test to determine the...
Prime Contract
A contract awarded directly...

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