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.
Physical Loans
Funds to repair/replace dis...
Lien
A legal claim against an...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Request for Proposal (RFP)
A document outlining a...
Affiliates
Business concerns, organizations, or...
SCORE
Counselors to America's Small Bus...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Days Payable
A measure of the average time a...
Protégé
A firm in a developmental stage that...
Comparative Analysis
Is designed to point out significant trends that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Corporation (C-corp.)
The most common form of business org...
Credit Elsewhere Test (CET)
The test to determine the...
Primary Activity
The major business activity of...
Best and Final Offer
For negotiated procurements...

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