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.
Working Capital (WC)
The amount of current assets that...
Contract
A mutually binding legal rel..
Break-even Analysis
A calculation of the approximate sales...
Applicant Entity
The business entity requesting...
Electronic Data Interchange
Transmission of information bet...
Cash Flow Test
Part of the CET that determines if...
Partnering
A mutually beneficial business-to-bus...
Applicant/Co-Applicant
Business entity and person requesting...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Disadvantaged Business Concern
A small business concern that...
Duplicated Interest
The amount of interest exp...
Days Receivable
A measure of the average time a...
Assets
The amount of current assets that is left...
Small Business
A business smaller than...

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