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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.
Subcontract
A contract between a prime cont...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Collateral
Assets pledged by a borrower to secure a loan...
Companion File
When an applicant has another application filed...
Defense Contractor
Any person who enters into...
Phase 2
Process to be used to determine economic injury for...
Prime Contract
A contract awarded directly...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Normal Annual Sales
Those sales that would have...
Working Capital (WC)
The amount of current assets that...
Break-even Analysis
A calculation of the approximate sales...
Phase 1
Process used to determine the...
Sole Proprietor
an individual who...
Adjusted Net Worth
Post disaster fair market value of tangible...
Mentor
A business, usually large, or...

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