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.
Credit Elsewhere Test (CET)
The test to determine the...
Phase 2
Process to be used to determine economic injury for...
Small Business
A business smaller than...
Hardship Waiver
Method used to approve a...
Intermediary Organization
Organizations that play a funda...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contractor Team Arrangement
An arrangement in which...
Break-even Analysis
A calculation of the approximate sales...
Sole Proprietor
an individual who...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Injury Analysis
Measures the effects of...
Comparative Analysis
Is designed to point out significant trends that...
Subcontract
A contract between a prime cont...
Defense Contractor
Any person who enters into...
Depreciation
A non-cash operating expense that...

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