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.
Principal
the owner(s) of the Applicant Entity that...
Contracting Officer
A person with the authority to...
Phase 1
Process used to determine the...
Best and Final Offer
For negotiated procurements...
SCORE
Counselors to America's Small Bus...
Working Capital (WC)
The amount of current assets that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contract
A mutually binding legal rel..
Corporation (C-corp.)
The most common form of business org...
Operating Leases
are deducted on the company’s...
Guarantor
The legal entity and...
Days Receivable
A measure of the average time a...
Injury Period
The time period during...
Credit Score Test
Part of the home loan CET show a...
Companion File
When an applicant has another application filed...

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