In most cases, being a woman does not by itself qualify as minority status. Net worth Excess of assets over debt. Any commercial lender not classified as a bank. Office of Small and Disadvantaged Business Utilization Office within certain federal agencies responsible for assuring that the agency complies with federal regulations to purchase a certain percentage of products and services from small and minority-owned and operated businesses. Overhead Business expenses not directly related to a particular good or service produced.
Examples are insurance, utilities, and rent.
Partnership A company owned by two or more people, who are jointly and personally liable for debts and assets of the company. Preferred Lenders Banks which have a special written agreement with the SBA which allows them to make a guaranteed SBA loan without prior SBA approval. Preferred loans have a maximum SBA guarantee of 75 percent. Call SBA district offices for more information. The interest rate that banks charge their best commercial customers.