Principal

the owner(s) of the Applicant Entity that have a controlling financial interest in the business. SBA defines controlling interest as an owner who owns 20% or more of the Applicant Entity or are a General Partner or Managing Member regardless of ownership percentage.

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.
NAICS
NAICS codes are common...
Duplicated Interest
The amount of interest exp...
Cash-basis Accounting
records revenue when cash is...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Negotiation
Contracting through the use of...
Days Receivable
A measure of the average time a...
Affiliate
Business concerns are affiliates if one concern...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Protégé
A firm in a developmental stage that...
Acquisition
The acquiring of supplies or...
Mentor
A business, usually large, or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Small Business
A business smaller than...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.