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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Extraordinary Items
Additional expenses that are...
Applicant Entity
The business entity requesting...
GPM%
The measure of every sales dollar left...
Equity
An accounting term used to...
Applicant/Co-Applicant
Business entity and person requesting...
Substantial Damage
This means uninsured or otherwise uncompensated...
Injury Analysis
Measures the effects of...
Phase 1
Process used to determine the...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Full and Open Competition
With respect to a contract action...
Depreciation
A non-cash operating expense that...
Comparative Analysis
Is designed to point out significant trends that...
Business Activity
The business (or loss) activity of...
Affiliate
Business concerns are affiliates if one concern...

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