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.
Defense Contractor
Any person who enters into...
Equity
An accounting term used to...
Sole Proprietor
an individual who...
Income Statement
Shows the entity’s income and...
Amortization
A non-cash operating expense that...
Comparative Analysis
Is designed to point out significant trends that...
Intermediary Organization
Organizations that play a funda...
Capital Leases
are for the purchase of fixed assets such as...
Working Capital (WC)
The amount of current assets that...
Hardship Waiver
Method used to approve a...
B/E (Business EIDL) Loan
A business loan that...
Small Business
A business smaller than...
Companion File
When an applicant has another application filed...
Business Activity
The business (or loss) activity of...
Normal Annual Sales
Those sales that would have...

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