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.
Electronic Data Interchange
Transmission of information bet...
Cash Flow Test
Part of the CET that determines if...
Applicant Individual
aka who is requesting an SBA loan...
Fair and Reasonable Price
A price that is fair to both parties...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant/Co-Applicant
Business entity and person requesting...
Affiliate
Business concerns are affiliates if one concern...
Contracting Officer
A person with the authority to...
Companion File
When an applicant has another application filed...
Best and Final Offer
For negotiated procurements...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Physical Loans
Funds to repair/replace dis...
S-Corporation
A form of corporation, allowed by...
Days Payable
A measure of the average time a...
Duplicated Interest
The amount of interest exp...

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