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.
Limited Partnership
A business organization with one or...
Affiliates
Business concerns, organizations, or...
Applicant Entity
The business entity requesting...
Prime Contract
A contract awarded directly...
Duplicated Interest
The amount of interest exp...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Trend Analysis
A comparative analysis of...
Emerging Small Business
A small business concern whose...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contracting Officer
A person with the authority to...
Credit Score Test
Part of the home loan CET show a...
Electronic Data Interchange
Transmission of information bet...
Corporation (C-corp.)
The most common form of business org...
Normal Gross Margin
The margin that would have been...
Break-even Analysis
A calculation of the approximate sales...

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