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.
Sole Proprietor
an individual who...
Comparative Analysis
Is designed to point out significant trends that...
Request for Proposal (RFP)
A document outlining a...
Credit Score Test
Part of the home loan CET show a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Liabilities
A financial obligation...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Subcontract
A contract between a prime cont...
Duplicated Interest
The amount of interest exp...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Break-even Analysis
A calculation of the approximate sales...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contract
A mutually binding legal rel..
Subsidiary
A company for which a majority of the...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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