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.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Normal Annual Sales
Those sales that would have...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Break-even Analysis
A calculation of the approximate sales...
Extraordinary Items
Additional expenses that are...
Best and Final Offer
For negotiated procurements...
Cash Flow Test
Part of the CET that determines if...
Current Liabilities
A balance sheet item, which...
Guarantor
The legal entity and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Hardship Waiver
Method used to approve a...
Income Statement
Shows the entity’s income and...
Prime Contract
A contract awarded directly...

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