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.
Defense Contractor
Any person who enters into...
Companion File
When an applicant has another application filed...
Request for Proposal (RFP)
A document outlining a...
B/E (Business EIDL) Loan
A business loan that...
Credit Elsewhere Test (CET)
The test to determine the...
Equity
An accounting term used to...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contract
A mutually binding legal rel..
Limited Partnership
A business organization with one or...
Affiliated Group
When two or more...
Full and Open Competition
With respect to a contract action...
Amortization
A non-cash operating expense that...
Capital Leases
are for the purchase of fixed assets such as...

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