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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Assets
The amount of current assets that is left...
B/E (Business EIDL) Loan
A business loan that...
Primary Activity
The major business activity of...
Fair and Reasonable Price
A price that is fair to both parties...
Prime Contract
A contract awarded directly...
Normal Annual Sales
Those sales that would have...
Negotiation
Contracting through the use of...
Income Statement
Shows the entity’s income and...
Contractor Team Arrangement
An arrangement in which...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Trend Analysis
A comparative analysis of...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Injury Analysis
Measures the effects of...
Corporation (C-corp.)
The most common form of business org...

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