Standard Industrial Classification (SIC) Code

A code representing a category within the Standard Industrial Classification System administered by the Statistical Policy Division of the U.S. Office of Management and Budget. The system was established to classify all industries in the US economy. A two-digit code designates each major industry group, which is coupled with a second two-digit code representing subcategories.

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.
Normal Gross Margin
The margin that would have been...
Affiliate
Business concerns are affiliates if one concern...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Business Activity
The business (or loss) activity of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Physical Loans
Funds to repair/replace dis...
Affiliates
Business concerns, organizations, or...
Days Receivable
A measure of the average time a...
Current Liabilities
A balance sheet item, which...
Joint Venture
In the SBA Mentor-Protégé Program...
Phase 2
Process to be used to determine economic injury for...
Collateral
Assets pledged by a borrower to secure a loan...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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