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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Period
The time period during...
Joint Venture
In the SBA Mentor-Protégé Program...
Cash Flow Test
Part of the CET that determines if...
Partnering
A mutually beneficial business-to-bus...
Fair and Reasonable Price
A price that is fair to both parties...
Collateral
Assets pledged by a borrower to secure a loan...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Affiliate
Business concerns are affiliates if one concern...
Depreciation
A non-cash operating expense that...
Break-even Analysis
A calculation of the approximate sales...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Contracting
Purchasing, renting, leasing, or...
Electronic Data Interchange
Transmission of information bet...
Normal Annual Sales
Those sales that would have...

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