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.
Certificate of Competency
A certificate issued by the Small Bus...
Amortization
A non-cash operating expense that...
Sole Proprietor
an individual who...
Contracting Officer
A person with the authority to...
Phase 1
Process used to determine the...
Comparative Analysis
Is designed to point out significant trends that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Full and Open Competition
With respect to a contract action...
Protégé
A firm in a developmental stage that...
Hardship Waiver
Method used to approve a...
Liabilities
A financial obligation...
Injury Period
The time period during...
Acquisition
The acquiring of supplies or...
Collateral
Assets pledged by a borrower to secure a loan...
Joint Venture
In the SBA Mentor-Protégé Program...

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