Phase 1

Process used to determine the amount of economic injury for a business in operation for at least a year prior to the disaster that had physical damage.

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.
Duplicated Interest
The amount of interest exp...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant Entity
The business entity requesting...
Days Receivable
A measure of the average time a...
Acquisition
The acquiring of supplies or...
S-Corporation
A form of corporation, allowed by...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Current Assets
A balance sheet item which equals...
Substantial Damage
This means uninsured or otherwise uncompensated...
Companion File
When an applicant has another application filed...
Negotiation
Contracting through the use of...
Capital Leases
are for the purchase of fixed assets such as...
Full and Open Competition
With respect to a contract action...
Phase 2
Process to be used to determine economic injury for...
Request for Proposal (RFP)
A document outlining a...

Get the quick rundown on SBA Loans

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