B/E (Business EIDL) Loan

A business loan that incorporates physical losses and economic injury for the same legal entity or individual.

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.
Equity
An accounting term used to...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Defense Contractor
Any person who enters into...
Applicant Entity
The business entity requesting...
Protégé
A firm in a developmental stage that...
Assets
The amount of current assets that is left...
Partnership
A type of unincorporated business org...
Collateral
Assets pledged by a borrower to secure a loan...
Applicant Individual
aka who is requesting an SBA loan...
Subcontract
A contract between a prime cont...
Substantial Damage
This means uninsured or otherwise uncompensated...
Credit Score Test
Part of the home loan CET show a...
Capital Leases
are for the purchase of fixed assets such as...
Certified 8(a) Firm
A firm owned and operated by socially and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.