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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Subsidiary
A company for which a majority of the...
Injury Period
The time period during...
Days Payable
A measure of the average time a...
Contract
A mutually binding legal rel..
Intermediary Organization
Organizations that play a funda...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Limited Partnership
A business organization with one or...
GPM%
The measure of every sales dollar left...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Electronic Data Interchange
Transmission of information bet...
Trend Analysis
A comparative analysis of...
Full and Open Competition
With respect to a contract action...
Credit Elsewhere Test (CET)
The test to determine the...

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