Partnering

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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash-basis Accounting
records revenue when cash is...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Credit Score Test
Part of the home loan CET show a...
Full and Open Competition
With respect to a contract action...
Principal
the owner(s) of the Applicant Entity that...
Physical Loans
Funds to repair/replace dis...
Income Statement
Shows the entity’s income and...
Partnership
A type of unincorporated business org...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Fair and Reasonable Price
A price that is fair to both parties...
Guarantor
The legal entity and...
Assets
The amount of current assets that is left...
Certificate of Competency
A certificate issued by the Small Bus...

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