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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Duplicated Interest
The amount of interest exp...
Affiliates
Business concerns, organizations, or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Credit Elsewhere Test (CET)
The test to determine the...
Injury Analysis
Measures the effects of...
Joint Venture
In the SBA Mentor-Protégé Program...
Amortization
A non-cash operating expense that...
Working Capital (WC)
The amount of current assets that...
Operating Leases
are deducted on the company’s...
Companion File
When an applicant has another application filed...
Intermediary Organization
Organizations that play a funda...
Subsidiary
A company for which a majority of the...
Capital Leases
are for the purchase of fixed assets such as...
Guarantor
The legal entity and...

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