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.
Current Liabilities
A balance sheet item, which...
Phase 2
Process to be used to determine economic injury for...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Liabilities
A financial obligation...
Partnering
A mutually beneficial business-to-bus...
Applicant Entity
The business entity requesting...
Break-even Analysis
A calculation of the approximate sales...
NAICS
NAICS codes are common...
Small Business
A business smaller than...
S-Corporation
A form of corporation, allowed by...
Principal
the owner(s) of the Applicant Entity that...
Mentor
A business, usually large, or...
Duplicated Interest
The amount of interest exp...
Credit Score Test
Part of the home loan CET show a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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