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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.
Joint Venture
In the SBA Mentor-Protégé Program...
Affiliated Group
When two or more...
Small Business
A business smaller than...
Extraordinary Items
Additional expenses that are...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant Individual
aka who is requesting an SBA loan...
Applicant Entity
The business entity requesting...
Full and Open Competition
With respect to a contract action...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Collateral
Assets pledged by a borrower to secure a loan...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Cash Flow Test
Part of the CET that determines if...
Projection
An estimate of future economic or...
Subcontract
A contract between a prime cont...
Contracting Officer
A person with the authority to...

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