Glossary
SBA Terms

Companion File

When an applicant, affiliate, and/or principal has another application filed for the same disaster for separate damages.

Updated on
September 9, 2022
Published on
June 20, 2018
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
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...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Hardship Waiver
Method used to approve a...
Adjusted Net Worth
Post disaster fair market value of tangible...
Operating Leases
are deducted on the company’s...
Applicant/Co-Applicant
Business entity and person requesting...
Comparative Analysis
Is designed to point out significant trends that...
Emerging Small Business
A small business concern whose...
Physical Loans
Funds to repair/replace dis...
Injury Period
The time period during...
Full and Open Competition
With respect to a contract action...
Trend Analysis
A comparative analysis of...
Equity
An accounting term used to...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Days Receivable
A measure of the average time a...

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