Glossary
SBA Terms

Economic Injury Disaster Loan (EIDL)

a working capital loan that provides necessary operating funds to enable eligible businesses to overcome the financial impact of a declared disaster. This loan may not be used to purchase long-term assets.

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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Cash-basis Accounting
records revenue when cash is...
Companion File
When an applicant has another application filed...
Mentor
A business, usually large, or...
Electronic Data Interchange
Transmission of information bet...
Corporation (C-corp.)
The most common form of business org...
Phase 2
Process to be used to determine economic injury for...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Contractor Team Arrangement
An arrangement in which...
Working Capital (WC)
The amount of current assets that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Request for Proposal (RFP)
A document outlining a...
NAICS
NAICS codes are common...

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