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.
Affiliate
Business concerns are affiliates if one concern...
Intermediary Organization
Organizations that play a funda...
Certified 8(a) Firm
A firm owned and operated by socially and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Liabilities
A financial obligation...
Credit Elsewhere Test (CET)
The test to determine the...
Best and Final Offer
For negotiated procurements...
Negotiation
Contracting through the use of...
Partnership
A type of unincorporated business org...
Primary Activity
The major business activity of...
Depreciation
A non-cash operating expense that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Equity
An accounting term used to...
Joint Venture
In the SBA Mentor-Protégé Program...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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