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.
Contracting Officer
A person with the authority to...
Injury Period
The time period during...
Duplicated Interest
The amount of interest exp...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Mentor
A business, usually large, or...
Small Disadvantaged Business Concern
A small business concern that...
Working Capital (WC)
The amount of current assets that...
Days Payable
A measure of the average time a...
Defense Contractor
Any person who enters into...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Affiliate
Business concerns are affiliates if one concern...
Physical Loans
Funds to repair/replace dis...
Intermediary Organization
Organizations that play a funda...
Companion File
When an applicant has another application filed...

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