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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Prime Contract
A contract awarded directly...
Primary Activity
The major business activity of...
Limited Partnership
A business organization with one or...
Guarantor
The legal entity and...
Intermediary Organization
Organizations that play a funda...
Collateral
Assets pledged by a borrower to secure a loan...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Hardship Waiver
Method used to approve a...
Trend Analysis
A comparative analysis of...
SCORE
Counselors to America's Small Bus...
S-Corporation
A form of corporation, allowed by...
Duplicated Interest
The amount of interest exp...
Working Capital (WC)
The amount of current assets that...
Acquisition
The acquiring of supplies or...

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