Applicant Individual

Individual requesting disaster loan assistance.

Updated on
September 8, 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.
Applicant Entity
The business entity requesting...
Subsidiary
A company for which a majority of the...
Operating Leases
are deducted on the company’s...
Assets
The amount of current assets that is left...
Amortization
A non-cash operating expense that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Partnering
A mutually beneficial business-to-bus...
Certificate of Competency
A certificate issued by the Small Bus...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Protégé
A firm in a developmental stage that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Collateral
Assets pledged by a borrower to secure a loan...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Break-even Analysis
A calculation of the approximate sales...

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