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.
Defense Contractor
Any person who enters into...
Applicant Individual
aka who is requesting an SBA loan...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Primary Activity
The major business activity of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Projection
An estimate of future economic or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Operating Leases
are deducted on the company’s...
Substantial Damage
This means uninsured or otherwise uncompensated...
Phase 2
Process to be used to determine economic injury for...
Acquisition
The acquiring of supplies or...
Partnership
A type of unincorporated business org...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Intermediary Organization
Organizations that play a funda...
Applicant/Co-Applicant
Business entity and person requesting...

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