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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.
Joint Venture
In the SBA Mentor-Protégé Program...
Affiliate
Business concerns are affiliates if one concern...
Certified 8(a) Firm
A firm owned and operated by socially and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Physical Loans
Funds to repair/replace dis...
Small Disadvantaged Business Concern
A small business concern that...
Cash Flow Test
Part of the CET that determines if...
Protégé
A firm in a developmental stage that...
Operating Leases
are deducted on the company’s...
Contracting Officer
A person with the authority to...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Certificate of Competency
A certificate issued by the Small Bus...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Defense Contractor
Any person who enters into...
Assets
The amount of current assets that is left...

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