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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Lien
A legal claim against an...
Duplicated Interest
The amount of interest exp...
NAICS
NAICS codes are common...
Projection
An estimate of future economic or...
Defense Contractor
Any person who enters into...
Guarantor
The legal entity and...
Income Statement
Shows the entity’s income and...
Trend Analysis
A comparative analysis of...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Amortization
A non-cash operating expense that...
Joint Venture
In the SBA Mentor-Protégé Program...
Depreciation
A non-cash operating expense that...
Phase 2
Process to be used to determine economic injury for...
Comparative Analysis
Is designed to point out significant trends that...

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