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.
GPM%
The measure of every sales dollar left...
Contract
A mutually binding legal rel..
Phase 2
Process to be used to determine economic injury for...
Contractor Team Arrangement
An arrangement in which...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Trend Analysis
A comparative analysis of...
Phase 1
Process used to determine the...
Collateral
Assets pledged by a borrower to secure a loan...
Joint Venture
In the SBA Mentor-Protégé Program...
S-Corporation
A form of corporation, allowed by...
Days Payable
A measure of the average time a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contracting
Purchasing, renting, leasing, or...
Small Disadvantaged Business Concern
A small business concern that...
Acquisition
The acquiring of supplies or...

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