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.
Explore 7a loans

SBA 504 Loans

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

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Assets
The amount of current assets that is left...
Prime Contract
A contract awarded directly...
Current Liabilities
A balance sheet item, which...
Contractor Team Arrangement
An arrangement in which...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Equity
An accounting term used to...
Substantial Damage
This means uninsured or otherwise uncompensated...
Physical Loans
Funds to repair/replace dis...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Acquisition
The acquiring of supplies or...
Normal Annual Sales
Those sales that would have...
Capital Leases
are for the purchase of fixed assets such as...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Collateral
Assets pledged by a borrower to secure a loan...
Intermediary Organization
Organizations that play a funda...

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