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.
S-Corporation
A form of corporation, allowed by...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Income Statement
Shows the entity’s income and...
Applicant Individual
aka who is requesting an SBA loan...
Intermediary Organization
Organizations that play a funda...
Certified 8(a) Firm
A firm owned and operated by socially and...
Equity
An accounting term used to...
Amortization
A non-cash operating expense that...
Injury Analysis
Measures the effects of...
Defense Contractor
Any person who enters into...
Capital Leases
are for the purchase of fixed assets such as...
Certificate of Competency
A certificate issued by the Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Substantial Damage
This means uninsured or otherwise uncompensated...

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