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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Subcontract
A contract between a prime cont...
Normal Annual Sales
Those sales that would have...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Equity
An accounting term used to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Liabilities
A financial obligation...
Adjusted Net Worth
Post disaster fair market value of tangible...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Applicant/Co-Applicant
Business entity and person requesting...
S-Corporation
A form of corporation, allowed by...
B/E (Business EIDL) Loan
A business loan that...
Small Disadvantaged Business Concern
A small business concern that...
Working Capital (WC)
The amount of current assets that...
Phase 2
Process to be used to determine economic injury for...
Affiliates
Business concerns, organizations, or...

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