Small Business

A business smaller than a given size as measured by its employment, business receipts, or business assets.

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.
Full and Open Competition
With respect to a contract action...
Request for Proposal (RFP)
A document outlining a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Days Receivable
A measure of the average time a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Phase 2
Process to be used to determine economic injury for...
Affiliate
Business concerns are affiliates if one concern...
Normal Annual Sales
Those sales that would have...
Guarantor
The legal entity and...
Electronic Data Interchange
Transmission of information bet...
Injury Period
The time period during...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Current Assets
A balance sheet item which equals...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Cash Flow Test
Part of the CET that determines if...

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