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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Acquisition
The acquiring of supplies or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Intermediary Organization
Organizations that play a funda...
Partnering
A mutually beneficial business-to-bus...
Comparative Analysis
Is designed to point out significant trends that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Lien
A legal claim against an...
Physical Loans
Funds to repair/replace dis...
Emerging Small Business
A small business concern whose...
NAICS
NAICS codes are common...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Liabilities
A financial obligation...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant Entity
The business entity requesting...

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