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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.
Primary Activity
The major business activity of...
Certificate of Competency
A certificate issued by the Small Bus...
B/E (Business EIDL) Loan
A business loan that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Phase 2
Process to be used to determine economic injury for...
Phase 1
Process used to determine the...
Guarantor
The legal entity and...
Income Statement
Shows the entity’s income and...
Emerging Small Business
A small business concern whose...
Assets
The amount of current assets that is left...
Injury Period
The time period during...
Duplicated Interest
The amount of interest exp...
Affiliate
Business concerns are affiliates if one concern...
Small Disadvantaged Business Concern
A small business concern that...
Current Liabilities
A balance sheet item, which...

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