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.
Primary Activity
The major business activity of...
Subsidiary
A company for which a majority of the...
Capital Leases
are for the purchase of fixed assets such as...
Adjusted Net Worth
Post disaster fair market value of tangible...
S-Corporation
A form of corporation, allowed by...
Protégé
A firm in a developmental stage that...
NAICS
NAICS codes are common...
Contractor Team Arrangement
An arrangement in which...
Partnering
A mutually beneficial business-to-bus...
Small Disadvantaged Business Concern
A small business concern that...
Electronic Data Interchange
Transmission of information bet...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Hardship Waiver
Method used to approve a...
Certified 8(a) Firm
A firm owned and operated by socially and...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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