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.
Primary Activity
The major business activity of...
Assets
The amount of current assets that is left...
Applicant Entity
The business entity requesting...
Applicant/Co-Applicant
Business entity and person requesting...
Days Receivable
A measure of the average time a...
Limited Partnership
A business organization with one or...
Contracting
Purchasing, renting, leasing, or...
Injury Period
The time period during...
Affiliate
Business concerns are affiliates if one concern...
Acquisition
The acquiring of supplies or...
Operating Leases
are deducted on the company’s...
Adjusted Net Worth
Post disaster fair market value of tangible...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Current Liabilities
A balance sheet item, which...
Principal
the owner(s) of the Applicant Entity that...

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