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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Days Receivable
A measure of the average time a...
Contract
A mutually binding legal rel..
Prime Contract
A contract awarded directly...
Days Payable
A measure of the average time a...
Fair and Reasonable Price
A price that is fair to both parties...
NAICS
NAICS codes are common...
Current Assets
A balance sheet item which equals...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Acquisition
The acquiring of supplies or...
Corporation (C-corp.)
The most common form of business org...
Mentor
A business, usually large, or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Phase 2
Process to be used to determine economic injury for...
Companion File
When an applicant has another application filed...

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