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.
Full and Open Competition
With respect to a contract action...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Normal Annual Sales
Those sales that would have...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Equity
An accounting term used to...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Extraordinary Items
Additional expenses that are...
Mentor
A business, usually large, or...
Certificate of Competency
A certificate issued by the Small Bus...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Injury Period
The time period during...
Days Payable
A measure of the average time a...
NAICS
NAICS codes are common...
Days Receivable
A measure of the average time a...
Business Activity
The business (or loss) activity of...

Get the quick rundown on SBA Loans

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