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.
Sole Proprietor
an individual who...
Request for Proposal (RFP)
A document outlining a...
Acquisition
The acquiring of supplies or...
Applicant/Co-Applicant
Business entity and person requesting...
SCORE
Counselors to America's Small Bus...
Contractor Team Arrangement
An arrangement in which...
NAICS
NAICS codes are common...
Negotiation
Contracting through the use of...
Hardship Waiver
Method used to approve a...
Business Activity
The business (or loss) activity of...
Affiliate
Business concerns are affiliates if one concern...
Certified 8(a) Firm
A firm owned and operated by socially and...
Prime Contract
A contract awarded directly...
Phase 2
Process to be used to determine economic injury for...
Applicant Entity
The business entity requesting...

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