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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Fair and Reasonable Price
A price that is fair to both parties...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Duplicated Interest
The amount of interest exp...
Physical Loans
Funds to repair/replace dis...
GPM%
The measure of every sales dollar left...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Contracting Officer
A person with the authority to...
Working Capital (WC)
The amount of current assets that...
Best and Final Offer
For negotiated procurements...
Limited Partnership
A business organization with one or...
Depreciation
A non-cash operating expense that...
Sole Proprietor
an individual who...
Income Statement
Shows the entity’s income and...
Hardship Waiver
Method used to approve a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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