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.
Prime Contract
A contract awarded directly...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Projection
An estimate of future economic or...
Injury Period
The time period during...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Amortization
A non-cash operating expense that...
Emerging Small Business
A small business concern whose...
Companion File
When an applicant has another application filed...
Income Statement
Shows the entity’s income and...
Certified 8(a) Firm
A firm owned and operated by socially and...
Guarantor
The legal entity and...
Subcontract
A contract between a prime cont...
Trend Analysis
A comparative analysis of...
Applicant Entity
The business entity requesting...

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