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.
Affiliated Group
When two or more...
Injury Analysis
Measures the effects of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Injury Period
The time period during...
Applicant Individual
aka who is requesting an SBA loan...
Lien
A legal claim against an...
Cash Flow Test
Part of the CET that determines if...
Protégé
A firm in a developmental stage that...
Liabilities
A financial obligation...
Defense Contractor
Any person who enters into...
Trend Analysis
A comparative analysis of...
Days Receivable
A measure of the average time a...
Contractor Team Arrangement
An arrangement in which...
Duplicated Interest
The amount of interest exp...
S-Corporation
A form of corporation, allowed by...

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