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.
Protégé
A firm in a developmental stage that...
Electronic Data Interchange
Transmission of information bet...
Liabilities
A financial obligation...
Physical Loans
Funds to repair/replace dis...
Cash Flow Test
Part of the CET that determines if...
Guarantor
The legal entity and...
Adjusted Net Worth
Post disaster fair market value of tangible...
SCORE
Counselors to America's Small Bus...
Emerging Small Business
A small business concern whose...
Subsidiary
A company for which a majority of the...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Extraordinary Items
Additional expenses that are...
Lien
A legal claim against an...
Contractor Team Arrangement
An arrangement in which...
Equity
An accounting term used to...

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