Partnering

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.
Negotiation
Contracting through the use of...
Credit Elsewhere Test (CET)
The test to determine the...
Income Statement
Shows the entity’s income and...
Capital Leases
are for the purchase of fixed assets such as...
Cash Flow Test
Part of the CET that determines if...
Small Disadvantaged Business Concern
A small business concern that...
Prime Contract
A contract awarded directly...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Hardship Waiver
Method used to approve a...
Best and Final Offer
For negotiated procurements...
Limited Partnership
A business organization with one or...
Electronic Data Interchange
Transmission of information bet...
Trend Analysis
A comparative analysis of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Injury Period
The time period during...

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