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.
Days Receivable
A measure of the average time a...
Comparative Analysis
Is designed to point out significant trends that...
Principal
the owner(s) of the Applicant Entity that...
Physical Loans
Funds to repair/replace dis...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Lien
A legal claim against an...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
S-Corporation
A form of corporation, allowed by...
SCORE
Counselors to America's Small Bus...
Fair and Reasonable Price
A price that is fair to both parties...
Joint Venture
In the SBA Mentor-Protégé Program...
Affiliated Group
When two or more...
B/E (Business EIDL) Loan
A business loan that...
Electronic Data Interchange
Transmission of information bet...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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