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.
Prime Contract
A contract awarded directly...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Capital Leases
are for the purchase of fixed assets such as...
Current Assets
A balance sheet item which equals...
Phase 1
Process used to determine the...
Comparative Analysis
Is designed to point out significant trends that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Intermediary Organization
Organizations that play a funda...
Guarantor
The legal entity and...
Request for Proposal (RFP)
A document outlining a...
B/E (Business EIDL) Loan
A business loan that...
Equity
An accounting term used to...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Defense Contractor
Any person who enters into...

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SBA Loan Types
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