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.
Operating Leases
are deducted on the company’s...
Applicant Individual
aka who is requesting an SBA loan...
Primary Activity
The major business activity of...
Depreciation
A non-cash operating expense that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant/Co-Applicant
Business entity and person requesting...
Contracting Officer
A person with the authority to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Days Payable
A measure of the average time a...
Normal Annual Sales
Those sales that would have...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Partnership
A type of unincorporated business org...
Limited Partnership
A business organization with one or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Liabilities
A financial obligation...

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