Phase 2

Process to be used to determine economic injury for a business either in operation less than one year or not satisfied with result of Phase I analysis or submitted a Stand Alone EIDL request.

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.
Operating Leases
are deducted on the company’s...
Comparative Analysis
Is designed to point out significant trends that...
Primary Activity
The major business activity of...
Working Capital (WC)
The amount of current assets that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Subcontract
A contract between a prime cont...
Small Business
A business smaller than...
Full and Open Competition
With respect to a contract action...
Prime Contract
A contract awarded directly...
Days Receivable
A measure of the average time a...
Affiliate
Business concerns are affiliates if one concern...
Collateral
Assets pledged by a borrower to secure a loan...
Partnering
A mutually beneficial business-to-bus...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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.