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.
Negotiation
Contracting through the use of...
Small Business
A business smaller than...
Contractor Team Arrangement
An arrangement in which...
Partnership
A type of unincorporated business org...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Contract
A mutually binding legal rel..
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Assets
The amount of current assets that is left...
Liabilities
A financial obligation...
Subsidiary
A company for which a majority of the...
Primary Activity
The major business activity of...
Lien
A legal claim against an...
Affiliates
Business concerns, organizations, or...
Duplicated Interest
The amount of interest exp...
Request for Proposal (RFP)
A document outlining a...

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