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.
Amortization
A non-cash operating expense that...
Liabilities
A financial obligation...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Adjusted Net Worth
Post disaster fair market value of tangible...
GPM%
The measure of every sales dollar left...
Defense Contractor
Any person who enters into...
Primary Activity
The major business activity of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Injury Analysis
Measures the effects of...
Contract
A mutually binding legal rel..
Prime Contract
A contract awarded directly...
Comparative Analysis
Is designed to point out significant trends that...
Cash Flow Test
Part of the CET that determines if...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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