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.
Emerging Small Business
A small business concern whose...
Fair and Reasonable Price
A price that is fair to both parties...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Credit Elsewhere Test (CET)
The test to determine the...
Assets
The amount of current assets that is left...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Subcontract
A contract between a prime cont...
Current Assets
A balance sheet item which equals...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Adjusted Net Worth
Post disaster fair market value of tangible...
Affiliated Group
When two or more...
Injury Period
The time period during...
Current Liabilities
A balance sheet item, which...
NAICS
NAICS codes are common...
S-Corporation
A form of corporation, allowed by...

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