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.
Explore 504 loans

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.
Small Disadvantaged Business Concern
A small business concern that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Depreciation
A non-cash operating expense that...
Equity
An accounting term used to...
Cash-basis Accounting
records revenue when cash is...
Request for Proposal (RFP)
A document outlining a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Capital Leases
are for the purchase of fixed assets such as...
Collateral
Assets pledged by a borrower to secure a loan...
Credit Score Test
Part of the home loan CET show a...
Primary Activity
The major business activity of...
Amortization
A non-cash operating expense that...
NAICS
NAICS codes are common...
Applicant/Co-Applicant
Business entity and person requesting...
Emerging Small Business
A small business concern whose...

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