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.
Phase 1
Process used to determine the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Operating Leases
are deducted on the company’s...
Lien
A legal claim against an...
Small Business
A business smaller than...
S-Corporation
A form of corporation, allowed by...
Applicant Entity
The business entity requesting...
Trend Analysis
A comparative analysis of...
Depreciation
A non-cash operating expense that...
Corporation (C-corp.)
The most common form of business org...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Credit Elsewhere Test (CET)
The test to determine the...
Guarantor
The legal entity and...
Principal
the owner(s) of the Applicant Entity that...

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