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.
Partnering
A mutually beneficial business-to-bus...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Full and Open Competition
With respect to a contract action...
Duplicated Interest
The amount of interest exp...
Contract
A mutually binding legal rel..
Corporation (C-corp.)
The most common form of business org...
Affiliated Group
When two or more...
Prime Contract
A contract awarded directly...
Credit Score Test
Part of the home loan CET show a...
Subsidiary
A company for which a majority of the...
Physical Loans
Funds to repair/replace dis...
Contracting
Purchasing, renting, leasing, or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Current Liabilities
A balance sheet item, which...
Projection
An estimate of future economic or...

Get the quick rundown on SBA Loans

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