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.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Operating Leases
are deducted on the company’s...
Credit Score Test
Part of the home loan CET show a...
Limited Partnership
A business organization with one or...
Applicant Entity
The business entity requesting...
Capital Leases
are for the purchase of fixed assets such as...
Best and Final Offer
For negotiated procurements...
Defense Contractor
Any person who enters into...
Liabilities
A financial obligation...
Negotiation
Contracting through the use of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Sole Proprietor
an individual who...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Break-even Analysis
A calculation of the approximate sales...
Assets
The amount of current assets that is left...

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