Small Disadvantaged Business Concern

A small business concern that is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged. This can include a publicly owned business that has at least 51 percent of its stock unconditionally owned by one or more socially and economically disadvantaged individuals and whose management and daily business is controlled by one or more such individuals.

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.
B/E (Business EIDL) Loan
A business loan that...
Affiliated Group
When two or more...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contract
A mutually binding legal rel..
Liabilities
A financial obligation...
Guarantor
The legal entity and...
Assets
The amount of current assets that is left...
Small Business
A business smaller than...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Principal
the owner(s) of the Applicant Entity that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Hardship Waiver
Method used to approve a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Partnership
A type of unincorporated business org...
Affiliates
Business concerns, organizations, or...

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