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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Projection
An estimate of future economic or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Phase 2
Process to be used to determine economic injury for...
Adjusted Net Worth
Post disaster fair market value of tangible...
Certified 8(a) Firm
A firm owned and operated by socially and...
Comparative Analysis
Is designed to point out significant trends that...
Negotiation
Contracting through the use of...
Best and Final Offer
For negotiated procurements...
Contract
A mutually binding legal rel..
Emerging Small Business
A small business concern whose...
Income Statement
Shows the entity’s income and...
Intermediary Organization
Organizations that play a funda...
Electronic Data Interchange
Transmission of information bet...
Acquisition
The acquiring of supplies or...

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