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.
Partnering
A mutually beneficial business-to-bus...
Affiliate
Business concerns are affiliates if one concern...
Depreciation
A non-cash operating expense that...
GPM%
The measure of every sales dollar left...
Injury Period
The time period during...
Negotiation
Contracting through the use of...
Comparative Analysis
Is designed to point out significant trends that...
Operating Leases
are deducted on the company’s...
Liabilities
A financial obligation...
Contract
A mutually binding legal rel..
Prime Contract
A contract awarded directly...
Income Statement
Shows the entity’s income and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Trend Analysis
A comparative analysis of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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