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.
Request for Proposal (RFP)
A document outlining a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Electronic Data Interchange
Transmission of information bet...
Duplicated Interest
The amount of interest exp...
Depreciation
A non-cash operating expense that...
Affiliate
Business concerns are affiliates if one concern...
NAICS
NAICS codes are common...
Trend Analysis
A comparative analysis of...
Extraordinary Items
Additional expenses that are...
Operating Leases
are deducted on the company’s...
Assets
The amount of current assets that is left...
Hardship Waiver
Method used to approve a...
Contracting Officer
A person with the authority to...
GPM%
The measure of every sales dollar left...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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