Applicant/Co-Applicant

The individual(s) or legal entity requesting disaster loan assistance.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Comparative Analysis
Is designed to point out significant trends that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Injury Analysis
Measures the effects of...
Current Liabilities
A balance sheet item, which...
Operating Leases
are deducted on the company’s...
Mentor
A business, usually large, or...
Normal Gross Margin
The margin that would have been...
Days Payable
A measure of the average time a...
Affiliated Group
When two or more...
Small Disadvantaged Business Concern
A small business concern that...
Equity
An accounting term used to...
Request for Proposal (RFP)
A document outlining a...
Cash Flow Test
Part of the CET that determines if...
Primary Activity
The major business activity of...

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