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 Flow Test
Part of the CET that determines if...
B/E (Business EIDL) Loan
A business loan that...
Affiliates
Business concerns, organizations, or...
Intermediary Organization
Organizations that play a funda...
Certified 8(a) Firm
A firm owned and operated by socially and...
Defense Contractor
Any person who enters into...
Best and Final Offer
For negotiated procurements...
Small Disadvantaged Business Concern
A small business concern that...
Corporation (C-corp.)
The most common form of business org...
Injury Analysis
Measures the effects of...
Normal Annual Sales
Those sales that would have...
Contractor Team Arrangement
An arrangement in which...
Days Receivable
A measure of the average time a...
Applicant Individual
aka who is requesting an SBA loan...
Principal
the owner(s) of the Applicant Entity that...

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