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.
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SBA 504 Loans

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

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Capital Leases
are for the purchase of fixed assets such as...
NAICS
NAICS codes are common...
Income Statement
Shows the entity’s income and...
Full and Open Competition
With respect to a contract action...
Limited Partnership
A business organization with one or...
Break-even Analysis
A calculation of the approximate sales...
Hardship Waiver
Method used to approve a...
SCORE
Counselors to America's Small Bus...
Small Disadvantaged Business Concern
A small business concern that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Projection
An estimate of future economic or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Depreciation
A non-cash operating expense that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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