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.
Subcontract
A contract between a prime cont...
Cash Flow Test
Part of the CET that determines if...
Negotiation
Contracting through the use of...
SCORE
Counselors to America's Small Bus...
Contractor Team Arrangement
An arrangement in which...
Physical Loans
Funds to repair/replace dis...
Phase 2
Process to be used to determine economic injury for...
Applicant/Co-Applicant
Business entity and person requesting...
Principal
the owner(s) of the Applicant Entity that...
Depreciation
A non-cash operating expense that...
Electronic Data Interchange
Transmission of information bet...
Duplicated Interest
The amount of interest exp...
Phase 1
Process used to determine the...
Certificate of Competency
A certificate issued by the Small Bus...
Partnering
A mutually beneficial business-to-bus...

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