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.
Normal Annual Sales
Those sales that would have...
Duplicated Interest
The amount of interest exp...
Assets
The amount of current assets that is left...
Collateral
Assets pledged by a borrower to secure a loan...
Physical Loans
Funds to repair/replace dis...
Fair and Reasonable Price
A price that is fair to both parties...
Prime Contract
A contract awarded directly...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Guarantor
The legal entity and...
S-Corporation
A form of corporation, allowed by...
Emerging Small Business
A small business concern whose...
Contractor Team Arrangement
An arrangement in which...
Contract
A mutually binding legal rel..
Amortization
A non-cash operating expense that...
GPM%
The measure of every sales dollar left...

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