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
Apply Here

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.
Credit Score Test
Part of the home loan CET show a...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Principal
the owner(s) of the Applicant Entity that...
Mentor
A business, usually large, or...
SCORE
Counselors to America's Small Bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
B/E (Business EIDL) Loan
A business loan that...
Certificate of Competency
A certificate issued by the Small Bus...
Request for Proposal (RFP)
A document outlining a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Equity
An accounting term used to...
Normal Gross Margin
The margin that would have been...
Electronic Data Interchange
Transmission of information bet...
Best and Final Offer
For negotiated procurements...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.
How it Works
contact@sbaloans.orgPrivacyToS
SBA Loan Types
SBA 7a LoansSBA 504 LoansDisaster LoansMicroloans
SBA 7a Loan Types
SBA Express LoansStandard 7a Loans7a Small LoansExport Express Loans
SBA Loan Purposes
Buy a new business->Buy real estate->Refinance debt->Refi real estate->
SBA EDU
SBA FAQsSBA GlossaryAbout 7a LoansAbout 504 Loans
Get Started
SBA Loan App ->
SBA Loan RatesSBA Disaster AssistanceAbout Us
Copyright © 2026 Mainstreet Financial LLC
Secured with bank-level SSL
Built on Mainstreet
Powered by SBALoans.org