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.
Certificate of Competency
A certificate issued by the Small Bus...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Contractor Team Arrangement
An arrangement in which...
Electronic Data Interchange
Transmission of information bet...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Primary Activity
The major business activity of...
Guarantor
The legal entity and...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
GPM%
The measure of every sales dollar left...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Mentor
A business, usually large, or...
Normal Gross Margin
The margin that would have been...
Assets
The amount of current assets that is left...

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