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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Lien
A legal claim against an...
Affiliates
Business concerns, organizations, or...
Phase 1
Process used to determine the...
Current Assets
A balance sheet item which equals...
Contracting Officer
A person with the authority to...
Depreciation
A non-cash operating expense that...
Affiliate
Business concerns are affiliates if one concern...
GPM%
The measure of every sales dollar left...
Partnership
A type of unincorporated business org...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Full and Open Competition
With respect to a contract action...
Extraordinary Items
Additional expenses that are...
S-Corporation
A form of corporation, allowed by...
Cash-basis Accounting
records revenue when cash is...
Days Payable
A measure of the average time a...

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