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A mutually beneficial business-to-business relationship based on trust and commitment and that enhances the capabilities of both parties.

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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Intermediary Organization
Organizations that play a funda...
Duplicated Interest
The amount of interest exp...
Amortization
A non-cash operating expense that...
Collateral
Assets pledged by a borrower to secure a loan...
Days Payable
A measure of the average time a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Protégé
A firm in a developmental stage that...
Normal Annual Sales
Those sales that would have...
Companion File
When an applicant has another application filed...
Capital Leases
are for the purchase of fixed assets such as...
Phase 1
Process used to determine the...
Contractor Team Arrangement
An arrangement in which...
Primary Activity
The major business activity of...
Contracting
Purchasing, renting, leasing, or...

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