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.
Prime Contract
A contract awarded directly...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Injury Period
The time period during...
Subcontract
A contract between a prime cont...
Sole Proprietor
an individual who...
Working Capital (WC)
The amount of current assets that...
Best and Final Offer
For negotiated procurements...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Amortization
A non-cash operating expense that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Depreciation
A non-cash operating expense that...
Contractor Team Arrangement
An arrangement in which...
Applicant Individual
aka who is requesting an SBA loan...
Equity
An accounting term used to...
Comparative Analysis
Is designed to point out significant trends that...

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