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 Score Test
Part of the home loan CET show a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Companion File
When an applicant has another application filed...
Normal Annual Sales
Those sales that would have...
Cash Flow Test
Part of the CET that determines if...
Acquisition
The acquiring of supplies or...
Partnership
A type of unincorporated business org...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Affiliates
Business concerns, organizations, or...
Applicant/Co-Applicant
Business entity and person requesting...
Operating Leases
are deducted on the company’s...
Credit Elsewhere Test (CET)
The test to determine the...

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