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.
Guarantor
The legal entity and...
S-Corporation
A form of corporation, allowed by...
Equity
An accounting term used to...
Subsidiary
A company for which a majority of the...
Days Payable
A measure of the average time a...
Full and Open Competition
With respect to a contract action...
GPM%
The measure of every sales dollar left...
Partnering
A mutually beneficial business-to-bus...
Trend Analysis
A comparative analysis of...
Income Statement
Shows the entity’s income and...
Affiliated Group
When two or more...
Injury Period
The time period during...
Fair and Reasonable Price
A price that is fair to both parties...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Operating Leases
are deducted on the company’s...

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