S-Corporation

A form of corporation, allowed by the IRS for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership.

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.
Affiliate
Business concerns are affiliates if one concern...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Hardship Waiver
Method used to approve a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Guarantor
The legal entity and...
Trend Analysis
A comparative analysis of...
Phase 2
Process to be used to determine economic injury for...
Credit Score Test
Part of the home loan CET show a...
Comparative Analysis
Is designed to point out significant trends that...
Depreciation
A non-cash operating expense that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Negotiation
Contracting through the use of...
Contracting
Purchasing, renting, leasing, or...

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