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.
Small Business
A business smaller than...
Cash Flow Test
Part of the CET that determines if...
Fair and Reasonable Price
A price that is fair to both parties...
Electronic Data Interchange
Transmission of information bet...
Limited Partnership
A business organization with one or...
Full and Open Competition
With respect to a contract action...
Hardship Waiver
Method used to approve a...
Liabilities
A financial obligation...
Applicant Entity
The business entity requesting...
B/E (Business EIDL) Loan
A business loan that...
Lien
A legal claim against an...
Corporation (C-corp.)
The most common form of business org...
Credit Score Test
Part of the home loan CET show a...
Certificate of Competency
A certificate issued by the Small Bus...
Contractor Team Arrangement
An arrangement in which...

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