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.
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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.
Credit Score Test
Part of the home loan CET show a...
Days Payable
A measure of the average time a...
Subsidiary
A company for which a majority of the...
B/E (Business EIDL) Loan
A business loan that...
NAICS
NAICS codes are common...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Collateral
Assets pledged by a borrower to secure a loan...
Substantial Damage
This means uninsured or otherwise uncompensated...
Prime Contract
A contract awarded directly...
Adjusted Net Worth
Post disaster fair market value of tangible...
Cash-basis Accounting
records revenue when cash is...
Small Disadvantaged Business Concern
A small business concern that...
Companion File
When an applicant has another application filed...
Emerging Small Business
A small business concern whose...
Contract
A mutually binding legal rel..

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