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.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Assets
The amount of current assets that is left...
Contracting Officer
A person with the authority to...
Best and Final Offer
For negotiated procurements...
Contractor Team Arrangement
An arrangement in which...
B/E (Business EIDL) Loan
A business loan that...
Injury Period
The time period during...
Emerging Small Business
A small business concern whose...
Affiliate
Business concerns are affiliates if one concern...
Working Capital (WC)
The amount of current assets that...
Applicant/Co-Applicant
Business entity and person requesting...
GPM%
The measure of every sales dollar left...
Full and Open Competition
With respect to a contract action...
Trend Analysis
A comparative analysis of...
Corporation (C-corp.)
The most common form of business org...

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