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.
Affiliates
Business concerns, organizations, or...
Electronic Data Interchange
Transmission of information bet...
Income Statement
Shows the entity’s income and...
Negotiation
Contracting through the use of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Mentor
A business, usually large, or...
Duplicated Interest
The amount of interest exp...
Prime Contract
A contract awarded directly...
Operating Leases
are deducted on the company’s...
Certificate of Competency
A certificate issued by the Small Bus...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Working Capital (WC)
The amount of current assets that...
Sole Proprietor
an individual who...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Contracting Officer
A person with the authority to...

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