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.
Equity
An accounting term used to...
Corporation (C-corp.)
The most common form of business org...
SCORE
Counselors to America's Small Bus...
Contractor Team Arrangement
An arrangement in which...
Affiliates
Business concerns, organizations, or...
Comparative Analysis
Is designed to point out significant trends that...
Credit Score Test
Part of the home loan CET show a...
Current Liabilities
A balance sheet item, which...
Duplicated Interest
The amount of interest exp...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Credit Elsewhere Test (CET)
The test to determine the...
Defense Contractor
Any person who enters into...
Cash Flow Test
Part of the CET that determines if...
Working Capital (WC)
The amount of current assets that...
Sole Proprietor
an individual who...

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