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.
Trend Analysis
A comparative analysis of...
Request for Proposal (RFP)
A document outlining a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contracting
Purchasing, renting, leasing, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Partnering
A mutually beneficial business-to-bus...
Subcontract
A contract between a prime cont...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Joint Venture
In the SBA Mentor-Protégé Program...
Duplicated Interest
The amount of interest exp...
Equity
An accounting term used to...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Small Business
A business smaller than...
Hardship Waiver
Method used to approve a...
Acquisition
The acquiring of supplies or...

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