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.
Principal
the owner(s) of the Applicant Entity that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Electronic Data Interchange
Transmission of information bet...
Limited Partnership
A business organization with one or...
Hardship Waiver
Method used to approve a...
Contracting Officer
A person with the authority to...
Days Payable
A measure of the average time a...
Full and Open Competition
With respect to a contract action...
Subcontract
A contract between a prime cont...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Affiliated Group
When two or more...
NAICS
NAICS codes are common...
Small Disadvantaged Business Concern
A small business concern that...
Phase 1
Process used to determine the...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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