Coastal Barrier Resource Area (COBRA)

A flood prone area in which the government prohibits financial disaster 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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Phase 2
Process to be used to determine economic injury for...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Phase 1
Process used to determine the...
Injury Analysis
Measures the effects of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Affiliate
Business concerns are affiliates if one concern...
Collateral
Assets pledged by a borrower to secure a loan...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Intermediary Organization
Organizations that play a funda...
Fair and Reasonable Price
A price that is fair to both parties...
Companion File
When an applicant has another application filed...
Electronic Data Interchange
Transmission of information bet...
Adjusted Net Worth
Post disaster fair market value of tangible...
Capital Leases
are for the purchase of fixed assets such as...

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