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.
Small Disadvantaged Business Concern
A small business concern that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Protégé
A firm in a developmental stage that...
Phase 2
Process to be used to determine economic injury for...
Defense Contractor
Any person who enters into...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Principal
the owner(s) of the Applicant Entity that...
Negotiation
Contracting through the use of...
Contracting Officer
A person with the authority to...
Contract
A mutually binding legal rel..
Amortization
A non-cash operating expense that...
Current Assets
A balance sheet item which equals...
S-Corporation
A form of corporation, allowed by...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Limited Partnership
A business organization with one or...

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