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.
Normal Gross Margin
The margin that would have been...
Depreciation
A non-cash operating expense that...
Hardship Waiver
Method used to approve a...
Negotiation
Contracting through the use of...
Break-even Analysis
A calculation of the approximate sales...
Subcontract
A contract between a prime cont...
Prime Contract
A contract awarded directly...
Contractor Team Arrangement
An arrangement in which...
Current Assets
A balance sheet item which equals...
Affiliate
Business concerns are affiliates if one concern...
Equity
An accounting term used to...
Substantial Damage
This means uninsured or otherwise uncompensated...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Protégé
A firm in a developmental stage that...
Injury Analysis
Measures the effects of...

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