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.
Applicant/Co-Applicant
Business entity and person requesting...
Request for Proposal (RFP)
A document outlining a...
Sole Proprietor
an individual who...
Hardship Waiver
Method used to approve a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Equity
An accounting term used to...
Negotiation
Contracting through the use of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Limited Partnership
A business organization with one or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Affiliated Group
When two or more...
Contracting
Purchasing, renting, leasing, or...
Emerging Small Business
A small business concern whose...
Acquisition
The acquiring of supplies or...

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