Applicant/Co-Applicant

The individual(s) or legal entity requesting disaster loan assistance.

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...
Affiliated Group
When two or more...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Operating Leases
are deducted on the company’s...
Credit Elsewhere Test (CET)
The test to determine the...
Contracting
Purchasing, renting, leasing, or...
Emerging Small Business
A small business concern whose...
Contractor Team Arrangement
An arrangement in which...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Extraordinary Items
Additional expenses that are...
Mentor
A business, usually large, or...
Guarantor
The legal entity and...
Primary Activity
The major business activity of...
Cash-basis Accounting
records revenue when cash is...
Days Payable
A measure of the average time a...

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