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.
Current Liabilities
A balance sheet item, which...
Small Business
A business smaller than...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Contracting Officer
A person with the authority to...
Joint Venture
In the SBA Mentor-Protégé Program...
Corporation (C-corp.)
The most common form of business org...
Equity
An accounting term used to...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Contract
A mutually binding legal rel..
Normal Annual Sales
Those sales that would have...
Amortization
A non-cash operating expense that...
Guarantor
The legal entity and...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Partnership
A type of unincorporated business org...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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