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.
Explore 7a loans

SBA 504 Loans

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

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.
Break-even Analysis
A calculation of the approximate sales...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Cash-basis Accounting
records revenue when cash is...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Current Assets
A balance sheet item which equals...
Affiliated Group
When two or more...
Applicant Individual
aka who is requesting an SBA loan...
NAICS
NAICS codes are common...
Liabilities
A financial obligation...
Operating Leases
are deducted on the company’s...
Certified 8(a) Firm
A firm owned and operated by socially and...
Injury Period
The time period during...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Adjusted Net Worth
Post disaster fair market value of tangible...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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