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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Capital Leases
are for the purchase of fixed assets such as...
Protégé
A firm in a developmental stage that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Fair and Reasonable Price
A price that is fair to both parties...
Prime Contract
A contract awarded directly...
Defense Contractor
Any person who enters into...
Current Assets
A balance sheet item which equals...
Companion File
When an applicant has another application filed...
Lien
A legal claim against an...
Physical Loans
Funds to repair/replace dis...
Projection
An estimate of future economic or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Contractor Team Arrangement
An arrangement in which...

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