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.
Projection
An estimate of future economic or...
Emerging Small Business
A small business concern whose...
Defense Contractor
Any person who enters into...
Physical Loans
Funds to repair/replace dis...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Mentor
A business, usually large, or...
Small Disadvantaged Business Concern
A small business concern that...
Partnership
A type of unincorporated business org...
Trend Analysis
A comparative analysis of...
Affiliate
Business concerns are affiliates if one concern...
Acquisition
The acquiring of supplies or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Principal
the owner(s) of the Applicant Entity that...
Cash-basis Accounting
records revenue when cash is...

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