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.
Injury Analysis
Measures the effects of...
B/E (Business EIDL) Loan
A business loan that...
Normal Gross Margin
The margin that would have been...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Extraordinary Items
Additional expenses that are...
Credit Elsewhere Test (CET)
The test to determine the...
SCORE
Counselors to America's Small Bus...
Corporation (C-corp.)
The most common form of business org...
Capital Leases
are for the purchase of fixed assets such as...
Principal
the owner(s) of the Applicant Entity that...
Income Statement
Shows the entity’s income and...
Hardship Waiver
Method used to approve a...
Negotiation
Contracting through the use of...
Fair and Reasonable Price
A price that is fair to both parties...
Break-even Analysis
A calculation of the approximate sales...

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