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.
Assets
The amount of current assets that is left...
Adjusted Net Worth
Post disaster fair market value of tangible...
Subcontract
A contract between a prime cont...
Substantial Damage
This means uninsured or otherwise uncompensated...
Mentor
A business, usually large, or...
Applicant Entity
The business entity requesting...
Physical Loans
Funds to repair/replace dis...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Cash-basis Accounting
records revenue when cash is...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Days Receivable
A measure of the average time a...
Affiliated Group
When two or more...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Sole Proprietor
an individual who...
Contracting
Purchasing, renting, leasing, or...

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