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.
Applicant Entity
The business entity requesting...
Business Activity
The business (or loss) activity of...
GPM%
The measure of every sales dollar left...
Working Capital (WC)
The amount of current assets that...
Phase 2
Process to be used to determine economic injury for...
Defense Contractor
Any person who enters into...
Income Statement
Shows the entity’s income and...
Injury Analysis
Measures the effects of...
Protégé
A firm in a developmental stage that...
Amortization
A non-cash operating expense that...
Extraordinary Items
Additional expenses that are...
Guarantor
The legal entity and...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Mentor
A business, usually large, or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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