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.
Sole Proprietor
an individual who...
Principal
the owner(s) of the Applicant Entity that...
Applicant Individual
aka who is requesting an SBA loan...
Partnering
A mutually beneficial business-to-bus...
Electronic Data Interchange
Transmission of information bet...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Protégé
A firm in a developmental stage that...
Income Statement
Shows the entity’s income and...
Business Activity
The business (or loss) activity of...
Adjusted Net Worth
Post disaster fair market value of tangible...
Subcontract
A contract between a prime cont...
Small Disadvantaged Business Concern
A small business concern that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Joint Venture
In the SBA Mentor-Protégé Program...

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