Sole Proprietor

an individual who owns an unincorporated business by himself/ or herself.

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.
Current Liabilities
A balance sheet item, which...
Fair and Reasonable Price
A price that is fair to both parties...
Prime Contract
A contract awarded directly...
Phase 2
Process to be used to determine economic injury for...
Injury Analysis
Measures the effects of...
Normal Annual Sales
Those sales that would have...
Electronic Data Interchange
Transmission of information bet...
Applicant Entity
The business entity requesting...
Intermediary Organization
Organizations that play a funda...
Affiliates
Business concerns, organizations, or...
Certificate of Competency
A certificate issued by the Small Bus...
Contract
A mutually binding legal rel..
Normal Gross Margin
The margin that would have been...
Protégé
A firm in a developmental stage that...
Request for Proposal (RFP)
A document outlining a...

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