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.
Certificate of Competency
A certificate issued by the Small Bus...
Contracting Officer
A person with the authority to...
Business Activity
The business (or loss) activity of...
Affiliated Group
When two or more...
Subcontract
A contract between a prime cont...
Small Disadvantaged Business Concern
A small business concern that...
Contract
A mutually binding legal rel..
Extraordinary Items
Additional expenses that are...
Partnership
A type of unincorporated business org...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Joint Venture
In the SBA Mentor-Protégé Program...
Injury Analysis
Measures the effects of...
Cash-basis Accounting
records revenue when cash is...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Primary Activity
The major business activity of...

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