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.
Protégé
A firm in a developmental stage that...
Projection
An estimate of future economic or...
Certified 8(a) Firm
A firm owned and operated by socially and...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Prime Contract
A contract awarded directly...
Small Disadvantaged Business Concern
A small business concern that...
Liabilities
A financial obligation...
Credit Elsewhere Test (CET)
The test to determine the...
Subcontract
A contract between a prime cont...
Operating Leases
are deducted on the company’s...
Normal Gross Margin
The margin that would have been...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Normal Annual Sales
Those sales that would have...
Principal
the owner(s) of the Applicant Entity that...

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