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.
Income Statement
Shows the entity’s income and...
Equity
An accounting term used to...
Current Liabilities
A balance sheet item, which...
B/E (Business EIDL) Loan
A business loan that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Negotiation
Contracting through the use of...
Principal
the owner(s) of the Applicant Entity that...
Protégé
A firm in a developmental stage that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Credit Elsewhere Test (CET)
The test to determine the...
Request for Proposal (RFP)
A document outlining a...
Hardship Waiver
Method used to approve a...
Applicant Entity
The business entity requesting...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Acquisition
The acquiring of supplies or...

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