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.
Intermediary Organization
Organizations that play a funda...
Normal Annual Sales
Those sales that would have...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Liabilities
A financial obligation...
Electronic Data Interchange
Transmission of information bet...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Subsidiary
A company for which a majority of the...
Certificate of Competency
A certificate issued by the Small Bus...
Operating Leases
are deducted on the company’s...
Phase 2
Process to be used to determine economic injury for...
Limited Partnership
A business organization with one or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
SCORE
Counselors to America's Small Bus...
Depreciation
A non-cash operating expense that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

Get the quick rundown on SBA Loans

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