Small Business Development Centers (SBDC)

SBDCs offer a broad spectrum of business information and guidance as well as assistance in preparing loan applications.

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.
Hardship Waiver
Method used to approve a...
Certificate of Competency
A certificate issued by the Small Bus...
Prime Contract
A contract awarded directly...
Adjusted Net Worth
Post disaster fair market value of tangible...
Subsidiary
A company for which a majority of the...
Trend Analysis
A comparative analysis of...
Contracting Officer
A person with the authority to...
Negotiation
Contracting through the use of...
S-Corporation
A form of corporation, allowed by...
Phase 1
Process used to determine the...
Normal Gross Margin
The margin that would have been...
Days Receivable
A measure of the average time a...
Liabilities
A financial obligation...
Applicant Individual
aka who is requesting an SBA loan...
Small Disadvantaged Business Concern
A small business concern that...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.