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.
Mentor
A business, usually large, or...
Collateral
Assets pledged by a borrower to secure a loan...
Cash-basis Accounting
records revenue when cash is...
Lien
A legal claim against an...
Depreciation
A non-cash operating expense that...
Intermediary Organization
Organizations that play a funda...
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...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Trend Analysis
A comparative analysis of...
Protégé
A firm in a developmental stage that...
Prime Contract
A contract awarded directly...
Full and Open Competition
With respect to a contract action...
Applicant Individual
aka who is requesting an SBA loan...

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