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.
Lien
A legal claim against an...
Defense Contractor
Any person who enters into...
Phase 1
Process used to determine the...
Projection
An estimate of future economic or...
Sole Proprietor
an individual who...
Negotiation
Contracting through the use of...
B/E (Business EIDL) Loan
A business loan that...
Contract
A mutually binding legal rel..
Depreciation
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...
Primary Activity
The major business activity of...
Trend Analysis
A comparative analysis of...
Intermediary Organization
Organizations that play a funda...
Physical Loans
Funds to repair/replace dis...
Full and Open Competition
With respect to a contract action...

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