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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Partnership
A type of unincorporated business org...
Defense Contractor
Any person who enters into...
Days Payable
A measure of the average time a...
Days Receivable
A measure of the average time a...
Collateral
Assets pledged by a borrower to secure a loan...
Intermediary Organization
Organizations that play a funda...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Prime Contract
A contract awarded directly...
Cash Flow Test
Part of the CET that determines if...
SCORE
Counselors to America's Small Bus...
Protégé
A firm in a developmental stage that...
Full and Open Competition
With respect to a contract action...
Negotiation
Contracting through the use of...

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