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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.
Companion File
When an applicant has another application filed...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Injury Period
The time period during...
Days Payable
A measure of the average time a...
Income Statement
Shows the entity’s income and...
Affiliates
Business concerns, organizations, or...
Guarantor
The legal entity and...
Electronic Data Interchange
Transmission of information bet...
Prime Contract
A contract awarded directly...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Best and Final Offer
For negotiated procurements...
Extraordinary Items
Additional expenses that are...
Phase 2
Process to be used to determine economic injury for...
Affiliated Group
When two or more...

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