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.
Explore 504 loans

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.
Electronic Data Interchange
Transmission of information bet...
Current Assets
A balance sheet item which equals...
Lien
A legal claim against an...
Operating Leases
are deducted on the company’s...
Contracting
Purchasing, renting, leasing, or...
GPM%
The measure of every sales dollar left...
Normal Gross Margin
The margin that would have been...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Joint Venture
In the SBA Mentor-Protégé Program...
Sole Proprietor
an individual who...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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