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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Equity
An accounting term used to...
Days Receivable
A measure of the average time a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Small Business
A business smaller than...
Defense Contractor
Any person who enters into...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Electronic Data Interchange
Transmission of information bet...
Collateral
Assets pledged by a borrower to secure a loan...
Acquisition
The acquiring of supplies or...
Subsidiary
A company for which a majority of the...
Cash-basis Accounting
records revenue when cash is...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Contracting Officer
A person with the authority to...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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