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.
Phase 2
Process to be used to determine economic injury for...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Break-even Analysis
A calculation of the approximate sales...
Negotiation
Contracting through the use of...
Request for Proposal (RFP)
A document outlining a...
Subcontract
A contract between a prime cont...
Intermediary Organization
Organizations that play a funda...
Affiliated Group
When two or more...
Affiliate
Business concerns are affiliates if one concern...
Small Business
A business smaller than...
Applicant Individual
aka who is requesting an SBA loan...
Projection
An estimate of future economic or...
Full and Open Competition
With respect to a contract action...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Certified 8(a) Firm
A firm owned and operated by socially and...

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