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.
Hardship Waiver
Method used to approve a...
Assets
The amount of current assets that is left...
Comparative Analysis
Is designed to point out significant trends that...
Affiliated Group
When two or more...
Mentor
A business, usually large, or...
Limited Partnership
A business organization with one or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Phase 1
Process used to determine the...
Applicant Entity
The business entity requesting...
Applicant/Co-Applicant
Business entity and person requesting...
Corporation (C-corp.)
The most common form of business org...
Intermediary Organization
Organizations that play a funda...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Normal Gross Margin
The margin that would have been...
Prime Contract
A contract awarded directly...

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