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.
Affiliate
Business concerns are affiliates if one concern...
Days Receivable
A measure of the average time a...
Electronic Data Interchange
Transmission of information bet...
SCORE
Counselors to America's Small Bus...
Days Payable
A measure of the average time a...
Principal
the owner(s) of the Applicant Entity that...
Contracting
Purchasing, renting, leasing, or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Corporation (C-corp.)
The most common form of business org...
Normal Gross Margin
The margin that would have been...
Applicant Entity
The business entity requesting...
Credit Score Test
Part of the home loan CET show a...
Limited Partnership
A business organization with one or...
Contractor Team Arrangement
An arrangement in which...
Defense Contractor
Any person who enters into...

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