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.
Affiliated Group
When two or more...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Normal Annual Sales
Those sales that would have...
B/E (Business EIDL) Loan
A business loan that...
Phase 2
Process to be used to determine economic injury for...
Injury Period
The time period during...
Partnership
A type of unincorporated business org...
Contracting Officer
A person with the authority to...
Business Activity
The business (or loss) activity of...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Income Statement
Shows the entity’s income and...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Liabilities
A financial obligation...
Cash-basis Accounting
records revenue when cash is...

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