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.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Normal Annual Sales
Those sales that would have...
Acquisition
The acquiring of supplies or...
Defense Contractor
Any person who enters into...
Companion File
When an applicant has another application filed...
Current Liabilities
A balance sheet item, which...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Primary Activity
The major business activity of...
Intermediary Organization
Organizations that play a funda...
NAICS
NAICS codes are common...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Corporation (C-corp.)
The most common form of business org...
Contracting Officer
A person with the authority to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contract
A mutually binding legal rel..

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