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.
Affiliates
Business concerns, organizations, or...
Subcontract
A contract between a prime cont...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Acquisition
The acquiring of supplies or...
Projection
An estimate of future economic or...
Normal Gross Margin
The margin that would have been...
Credit Elsewhere Test (CET)
The test to determine the...
Equity
An accounting term used to...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Guarantor
The legal entity and...
Days Receivable
A measure of the average time a...
Comparative Analysis
Is designed to point out significant trends that...
Amortization
A non-cash operating expense that...
Contractor Team Arrangement
An arrangement in which...

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