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.
Normal Gross Margin
The margin that would have been...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Days Payable
A measure of the average time a...
Companion File
When an applicant has another application filed...
Prime Contract
A contract awarded directly...
Corporation (C-corp.)
The most common form of business org...
Equity
An accounting term used to...
Duplicated Interest
The amount of interest exp...
Hardship Waiver
Method used to approve a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contracting Officer
A person with the authority to...
Capital Leases
are for the purchase of fixed assets such as...
Adjusted Net Worth
Post disaster fair market value of tangible...
Phase 1
Process used to determine the...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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