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.
Amortization
A non-cash operating expense that...
Physical Loans
Funds to repair/replace dis...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Joint Venture
In the SBA Mentor-Protégé Program...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash Flow Test
Part of the CET that determines if...
Corporation (C-corp.)
The most common form of business org...
Current Assets
A balance sheet item which equals...
Intermediary Organization
Organizations that play a funda...
Cash-basis Accounting
records revenue when cash is...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Working Capital (WC)
The amount of current assets that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Days Payable
A measure of the average time a...
Contractor Team Arrangement
An arrangement in which...

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