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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.
Phase 2
Process to be used to determine economic injury for...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Projection
An estimate of future economic or...
Full and Open Competition
With respect to a contract action...
Current Liabilities
A balance sheet item, which...
Certificate of Competency
A certificate issued by the Small Bus...
Amortization
A non-cash operating expense that...
Trend Analysis
A comparative analysis of...
Guarantor
The legal entity and...
Sole Proprietor
an individual who...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Equity
An accounting term used to...
Assets
The amount of current assets that is left...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Joint Venture
In the SBA Mentor-Protégé Program...

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