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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Business Activity
The business (or loss) activity of...
Current Assets
A balance sheet item which equals...
Limited Partnership
A business organization with one or...
Negotiation
Contracting through the use of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Phase 1
Process used to determine the...
Phase 2
Process to be used to determine economic injury for...
Electronic Data Interchange
Transmission of information bet...
Liabilities
A financial obligation...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Working Capital (WC)
The amount of current assets that...
Credit Score Test
Part of the home loan CET show a...
Trend Analysis
A comparative analysis of...

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