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.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Protégé
A firm in a developmental stage that...
Depreciation
A non-cash operating expense that...
Contract
A mutually binding legal rel..
Collateral
Assets pledged by a borrower to secure a loan...
Capital Leases
are for the purchase of fixed assets such as...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Injury Analysis
Measures the effects of...
Working Capital (WC)
The amount of current assets that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Cash-basis Accounting
records revenue when cash is...
Mentor
A business, usually large, or...
Applicant Individual
aka who is requesting an SBA loan...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Income Statement
Shows the entity’s income and...

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