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.
Guarantor
The legal entity and...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Companion File
When an applicant has another application filed...
Small Disadvantaged Business Concern
A small business concern that...
Negotiation
Contracting through the use of...
Prime Contract
A contract awarded directly...
Cash-basis Accounting
records revenue when cash is...
Contract
A mutually binding legal rel..
Protégé
A firm in a developmental stage that...
Current Liabilities
A balance sheet item, which...
Contracting Officer
A person with the authority to...
Certificate of Competency
A certificate issued by the Small Bus...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Subsidiary
A company for which a majority of the...
Sole Proprietor
an individual who...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.