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.
Affiliate
Business concerns are affiliates if one concern...
Physical Loans
Funds to repair/replace dis...
Prime Contract
A contract awarded directly...
Principal
the owner(s) of the Applicant Entity that...
Applicant/Co-Applicant
Business entity and person requesting...
Full and Open Competition
With respect to a contract action...
Projection
An estimate of future economic or...
Operating Leases
are deducted on the company’s...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contracting Officer
A person with the authority to...
Adjusted Net Worth
Post disaster fair market value of tangible...
Business Activity
The business (or loss) activity of...
Acquisition
The acquiring of supplies or...
NAICS
NAICS codes are common...
Defense Contractor
Any person who enters into...

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