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.
Small Disadvantaged Business Concern
A small business concern that...
Comparative Analysis
Is designed to point out significant trends that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
NAICS
NAICS codes are common...
Credit Score Test
Part of the home loan CET show a...
Partnering
A mutually beneficial business-to-bus...
Business Activity
The business (or loss) activity of...
Cash-basis Accounting
records revenue when cash is...
Certificate of Competency
A certificate issued by the Small Bus...
Assets
The amount of current assets that is left...
Electronic Data Interchange
Transmission of information bet...
Hardship Waiver
Method used to approve a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Days Payable
A measure of the average time a...
Affiliates
Business concerns, organizations, or...

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