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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Guarantor
The legal entity and...
Normal Annual Sales
Those sales that would have...
Days Payable
A measure of the average time a...
Companion File
When an applicant has another application filed...
Mentor
A business, usually large, or...
Cash-basis Accounting
records revenue when cash is...
Duplicated Interest
The amount of interest exp...
Break-even Analysis
A calculation of the approximate sales...
Equity
An accounting term used to...
Limited Partnership
A business organization with one or...
Small Disadvantaged Business Concern
A small business concern that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Affiliates
Business concerns, organizations, or...
Operating Leases
are deducted on the company’s...
Subcontract
A contract between a prime cont...

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