Applicant Entity

The LLC, Partnership, Trust or Corporation 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.
Certificate of Competency
A certificate issued by the Small Bus...
Phase 1
Process used to determine the...
Intermediary Organization
Organizations that play a funda...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contracting Officer
A person with the authority to...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Days Receivable
A measure of the average time a...
Subcontract
A contract between a prime cont...
Affiliates
Business concerns, organizations, or...
Normal Gross Margin
The margin that would have been...
Defense Contractor
Any person who enters into...
Adjusted Net Worth
Post disaster fair market value of tangible...

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