Protégé

A firm in a developmental stage that aspires to increasing its capabilities through a mutually beneficial business-to-business relationship.

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 1
Process used to determine the...
S-Corporation
A form of corporation, allowed by...
Normal Annual Sales
Those sales that would have...
Guarantor
The legal entity and...
Certificate of Competency
A certificate issued by the Small Bus...
Contractor Team Arrangement
An arrangement in which...
Contracting Officer
A person with the authority to...
Applicant/Co-Applicant
Business entity and person requesting...
Collateral
Assets pledged by a borrower to secure a loan...
Small Business
A business smaller than...
Capital Leases
are for the purchase of fixed assets such as...
Best and Final Offer
For negotiated procurements...
Hardship Waiver
Method used to approve a...
Contracting
Purchasing, renting, leasing, or...
Partnership
A type of unincorporated business org...

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