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.
Cash-basis Accounting
records revenue when cash is...
NAICS
NAICS codes are common...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Credit Elsewhere Test (CET)
The test to determine the...
Sole Proprietor
an individual who...
Applicant/Co-Applicant
Business entity and person requesting...
Injury Period
The time period during...
Normal Annual Sales
Those sales that would have...
Physical Loans
Funds to repair/replace dis...
Income Statement
Shows the entity’s income and...
Electronic Data Interchange
Transmission of information bet...
Comparative Analysis
Is designed to point out significant trends that...
Contracting Officer
A person with the authority to...
Phase 1
Process used to determine the...
Acquisition
The acquiring of supplies or...

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