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.
Comparative Analysis
Is designed to point out significant trends that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Amortization
A non-cash operating expense that...
Electronic Data Interchange
Transmission of information bet...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Equity
An accounting term used to...
Credit Score Test
Part of the home loan CET show a...
Trend Analysis
A comparative analysis of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Guarantor
The legal entity and...
Fair and Reasonable Price
A price that is fair to both parties...
B/E (Business EIDL) Loan
A business loan that...
Limited Partnership
A business organization with one or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Injury Analysis
Measures the effects of...

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