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.
Assets
The amount of current assets that is left...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
NAICS
NAICS codes are common...
Adjusted Net Worth
Post disaster fair market value of tangible...
Intermediary Organization
Organizations that play a funda...
Certificate of Competency
A certificate issued by the Small Bus...
Business Activity
The business (or loss) activity of...
Break-even Analysis
A calculation of the approximate sales...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Companion File
When an applicant has another application filed...
Current Assets
A balance sheet item which equals...
Hardship Waiver
Method used to approve a...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Days Receivable
A measure of the average time a...

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