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.
Phase 1
Process used to determine the...
Prime Contract
A contract awarded directly...
Applicant Individual
aka who is requesting an SBA loan...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Depreciation
A non-cash operating expense that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
GPM%
The measure of every sales dollar left...
Joint Venture
In the SBA Mentor-Protégé Program...
Contract
A mutually binding legal rel..
Primary Activity
The major business activity of...
Subsidiary
A company for which a majority of the...
B/E (Business EIDL) Loan
A business loan that...
Assets
The amount of current assets that is left...
Small Business
A business smaller than...

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