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.
Credit Elsewhere Test (CET)
The test to determine the...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Days Receivable
A measure of the average time a...
Injury Analysis
Measures the effects of...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Substantial Damage
This means uninsured or otherwise uncompensated...
Partnering
A mutually beneficial business-to-bus...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Physical Loans
Funds to repair/replace dis...
Subcontract
A contract between a prime cont...
Contracting Officer
A person with the authority to...
Equity
An accounting term used to...
Limited Partnership
A business organization with one or...
Corporation (C-corp.)
The most common form of business org...
Electronic Data Interchange
Transmission of information bet...

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