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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.
NAICS
NAICS codes are common...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Request for Proposal (RFP)
A document outlining a...
Credit Elsewhere Test (CET)
The test to determine the...
Extraordinary Items
Additional expenses that are...
Primary Activity
The major business activity of...
Defense Contractor
Any person who enters into...
Contracting
Purchasing, renting, leasing, or...
Negotiation
Contracting through the use of...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Contract
A mutually binding legal rel..
Current Liabilities
A balance sheet item, which...
Mentor
A business, usually large, or...
Trend Analysis
A comparative analysis of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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