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.
Subsidiary
A company for which a majority of the...
Capital Leases
are for the purchase of fixed assets such as...
Negotiation
Contracting through the use of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Partnership
A type of unincorporated business org...
Credit Elsewhere Test (CET)
The test to determine the...
Depreciation
A non-cash operating expense that...
Primary Activity
The major business activity of...
Applicant Individual
aka who is requesting an SBA loan...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Certified 8(a) Firm
A firm owned and operated by socially and...
Current Assets
A balance sheet item which equals...
Adjusted Net Worth
Post disaster fair market value of tangible...
Normal Gross Margin
The margin that would have been...
Affiliate
Business concerns are affiliates if one concern...

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