Injury Period

The time period during which the business feels the adverse effects of the disaster.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Break-even Analysis
A calculation of the approximate sales...
Comparative Analysis
Is designed to point out significant trends that...
Credit Score Test
Part of the home loan CET show a...
Applicant Individual
aka who is requesting an SBA loan...
Applicant Entity
The business entity requesting...
Extraordinary Items
Additional expenses that are...
Certificate of Competency
A certificate issued by the Small Bus...
Days Receivable
A measure of the average time a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Hardship Waiver
Method used to approve a...
Joint Venture
In the SBA Mentor-Protégé Program...
Best and Final Offer
For negotiated procurements...
Small Disadvantaged Business Concern
A small business concern that...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.