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.
Corporation (C-corp.)
The most common form of business org...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Principal
the owner(s) of the Applicant Entity that...
Request for Proposal (RFP)
A document outlining a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Negotiation
Contracting through the use of...
Assets
The amount of current assets that is left...
Protégé
A firm in a developmental stage that...
Primary Activity
The major business activity of...
NAICS
NAICS codes are common...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Days Payable
A measure of the average time a...
Phase 1
Process used to determine the...
Affiliate
Business concerns are affiliates if one concern...
Acquisition
The acquiring of supplies or...

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