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.
Acquisition
The acquiring of supplies or...
Contracting
Purchasing, renting, leasing, or...
Small Disadvantaged Business Concern
A small business concern that...
Trend Analysis
A comparative analysis of...
Credit Elsewhere Test (CET)
The test to determine the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Adjusted Net Worth
Post disaster fair market value of tangible...
Physical Loans
Funds to repair/replace dis...
Assets
The amount of current assets that is left...
Liabilities
A financial obligation...
Days Receivable
A measure of the average time a...
Break-even Analysis
A calculation of the approximate sales...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Subcontract
A contract between a prime cont...

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