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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contracting Officer
A person with the authority to...
Fair and Reasonable Price
A price that is fair to both parties...
Comparative Analysis
Is designed to point out significant trends that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Mentor
A business, usually large, or...
Equity
An accounting term used to...
Collateral
Assets pledged by a borrower to secure a loan...
Negotiation
Contracting through the use of...
Sole Proprietor
an individual who...
Phase 2
Process to be used to determine economic injury for...
Business Activity
The business (or loss) activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Electronic Data Interchange
Transmission of information bet...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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