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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.
Phase 1
Process used to determine the...
Extraordinary Items
Additional expenses that are...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Mentor
A business, usually large, or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Prime Contract
A contract awarded directly...
Days Receivable
A measure of the average time a...
NAICS
NAICS codes are common...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Subsidiary
A company for which a majority of the...
Contract
A mutually binding legal rel..
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Small Business
A business smaller than...
Hardship Waiver
Method used to approve a...
SCORE
Counselors to America's Small Bus...

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