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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Mentor
A business, usually large, or...
Request for Proposal (RFP)
A document outlining a...
Duplicated Interest
The amount of interest exp...
Hardship Waiver
Method used to approve a...
Operating Leases
are deducted on the company’s...
GPM%
The measure of every sales dollar left...
Acquisition
The acquiring of supplies or...
Capital Leases
are for the purchase of fixed assets such as...
Affiliates
Business concerns, organizations, or...
Prime Contract
A contract awarded directly...
Small Disadvantaged Business Concern
A small business concern that...
S-Corporation
A form of corporation, allowed by...
Amortization
A non-cash operating expense that...
Normal Gross Margin
The margin that would have been...

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