Glossary
SBA Terms

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
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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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...
Substantial Damage
This means uninsured or otherwise uncompensated...
Phase 1
Process used to determine the...
Protégé
A firm in a developmental stage that...
NAICS
NAICS codes are common...
Working Capital (WC)
The amount of current assets that...
SCORE
Counselors to America's Small Bus...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Comparative Analysis
Is designed to point out significant trends that...
Normal Gross Margin
The margin that would have been...
Duplicated Interest
The amount of interest exp...
Contracting Officer
A person with the authority to...
Operating Leases
are deducted on the company’s...
S-Corporation
A form of corporation, allowed by...
Fair and Reasonable Price
A price that is fair to both parties...

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