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.
Physical Loans
Funds to repair/replace dis...
Break-even Analysis
A calculation of the approximate sales...
Mentor
A business, usually large, or...
Corporation (C-corp.)
The most common form of business org...
Comparative Analysis
Is designed to point out significant trends that...
Affiliate
Business concerns are affiliates if one concern...
Certificate of Competency
A certificate issued by the Small Bus...
Contractor Team Arrangement
An arrangement in which...
Working Capital (WC)
The amount of current assets that...
Acquisition
The acquiring of supplies or...
Partnering
A mutually beneficial business-to-bus...
Injury Period
The time period during...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Fair and Reasonable Price
A price that is fair to both parties...
Contract
A mutually binding legal rel..

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