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.
Guarantor
The legal entity and...
Sole Proprietor
an individual who...
Protégé
A firm in a developmental stage that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Applicant Entity
The business entity requesting...
Current Assets
A balance sheet item which equals...
Full and Open Competition
With respect to a contract action...
Phase 1
Process used to determine the...
Subcontract
A contract between a prime cont...
NAICS
NAICS codes are common...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Best and Final Offer
For negotiated procurements...
Capital Leases
are for the purchase of fixed assets such as...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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