Applicant Entity

The LLC, Partnership, Trust or Corporation 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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Request for Proposal (RFP)
A document outlining a...
Full and Open Competition
With respect to a contract action...
Partnering
A mutually beneficial business-to-bus...
Current Liabilities
A balance sheet item, which...
Business Activity
The business (or loss) activity of...
Applicant Entity
The business entity requesting...
Negotiation
Contracting through the use of...
Applicant/Co-Applicant
Business entity and person requesting...
Limited Partnership
A business organization with one or...
Emerging Small Business
A small business concern whose...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Equity
An accounting term used to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Corporation (C-corp.)
The most common form of business org...

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