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.
Corporation (C-corp.)
The most common form of business org...
Income Statement
Shows the entity’s income and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Mentor
A business, usually large, or...
Electronic Data Interchange
Transmission of information bet...
Phase 2
Process to be used to determine economic injury for...
Partnering
A mutually beneficial business-to-bus...
Substantial Damage
This means uninsured or otherwise uncompensated...
Affiliated Group
When two or more...
Injury Analysis
Measures the effects of...
Affiliate
Business concerns are affiliates if one concern...
Affiliates
Business concerns, organizations, or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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