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.
Subcontract
A contract between a prime cont...
Applicant Entity
The business entity requesting...
Certified 8(a) Firm
A firm owned and operated by socially and...
Injury Period
The time period during...
Equity
An accounting term used to...
Prime Contract
A contract awarded directly...
Credit Elsewhere Test (CET)
The test to determine the...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Injury Analysis
Measures the effects of...
Mentor
A business, usually large, or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Capital Leases
are for the purchase of fixed assets such as...
Credit Score Test
Part of the home loan CET show a...
Intermediary Organization
Organizations that play a funda...
S-Corporation
A form of corporation, allowed by...

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