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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Subcontract
A contract between a prime cont...
Mentor
A business, usually large, or...
Affiliates
Business concerns, organizations, or...
Defense Contractor
Any person who enters into...
Operating Leases
are deducted on the company’s...
NAICS
NAICS codes are common...
Hardship Waiver
Method used to approve a...
Prime Contract
A contract awarded directly...
Contracting
Purchasing, renting, leasing, or...
Projection
An estimate of future economic or...
Companion File
When an applicant has another application filed...
Injury Analysis
Measures the effects of...
Days Receivable
A measure of the average time a...
Small Business
A business smaller than...
Fair and Reasonable Price
A price that is fair to both parties...

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