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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Contracting Officer
A person with the authority to...
Injury Analysis
Measures the effects of...
Protégé
A firm in a developmental stage that...
Full and Open Competition
With respect to a contract action...
Amortization
A non-cash operating expense that...
Best and Final Offer
For negotiated procurements...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash-basis Accounting
records revenue when cash is...
Hardship Waiver
Method used to approve a...
Primary Activity
The major business activity of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Acquisition
The acquiring of supplies or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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