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.
Injury Analysis
Measures the effects of...
Applicant Individual
aka who is requesting an SBA loan...
Applicant/Co-Applicant
Business entity and person requesting...
Depreciation
A non-cash operating expense that...
Sole Proprietor
an individual who...
Phase 1
Process used to determine the...
B/E (Business EIDL) Loan
A business loan that...
Full and Open Competition
With respect to a contract action...
Affiliates
Business concerns, organizations, or...
Fair and Reasonable Price
A price that is fair to both parties...
Contracting
Purchasing, renting, leasing, or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Lien
A legal claim against an...
Protégé
A firm in a developmental stage that...
Request for Proposal (RFP)
A document outlining a...

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