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.
Affiliates
Business concerns, organizations, or...
Days Payable
A measure of the average time a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Equity
An accounting term used to...
Affiliated Group
When two or more...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Affiliate
Business concerns are affiliates if one concern...
Phase 1
Process used to determine the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Protégé
A firm in a developmental stage that...
Depreciation
A non-cash operating expense that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Business Activity
The business (or loss) activity of...
Fair and Reasonable Price
A price that is fair to both parties...

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