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.
Break-even Analysis
A calculation of the approximate sales...
Defense Contractor
Any person who enters into...
Certificate of Competency
A certificate issued by the Small Bus...
Full and Open Competition
With respect to a contract action...
Duplicated Interest
The amount of interest exp...
Business Activity
The business (or loss) activity of...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant Entity
The business entity requesting...
Lien
A legal claim against an...
Physical Loans
Funds to repair/replace dis...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Guarantor
The legal entity and...
Fair and Reasonable Price
A price that is fair to both parties...
Protégé
A firm in a developmental stage that...
Substantial Damage
This means uninsured or otherwise uncompensated...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.