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.
Affiliates
Business concerns, organizations, or...
Phase 1
Process used to determine the...
Full and Open Competition
With respect to a contract action...
Cash-basis Accounting
records revenue when cash is...
Negotiation
Contracting through the use of...
NAICS
NAICS codes are common...
Income Statement
Shows the entity’s income and...
Injury Analysis
Measures the effects of...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
S-Corporation
A form of corporation, allowed by...
Current Assets
A balance sheet item which equals...
Current Liabilities
A balance sheet item, which...
Electronic Data Interchange
Transmission of information bet...
Business Activity
The business (or loss) activity of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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