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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 Individual
aka who is requesting an SBA loan...
Assets
The amount of current assets that is left...
Applicant/Co-Applicant
Business entity and person requesting...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Affiliated Group
When two or more...
Injury Period
The time period during...
Business Activity
The business (or loss) activity of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contracting Officer
A person with the authority to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Equity
An accounting term used to...
Injury Analysis
Measures the effects of...
Contractor Team Arrangement
An arrangement in which...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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