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
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.
Adjusted Net Worth
Post disaster fair market value of tangible...
Substantial Damage
This means uninsured or otherwise uncompensated...
Operating Leases
are deducted on the company’s...
Comparative Analysis
Is designed to point out significant trends that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
NAICS
NAICS codes are common...
Contractor Team Arrangement
An arrangement in which...
Depreciation
A non-cash operating expense that...
Liabilities
A financial obligation...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Protégé
A firm in a developmental stage that...
Injury Period
The time period during...
Contracting
Purchasing, renting, leasing, or...
Trend Analysis
A comparative analysis of...

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