Glossary
SBA Terms

Companion File

When an applicant, affiliate, and/or principal has another application filed for the same disaster for separate damages.

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.
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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Fair and Reasonable Price
A price that is fair to both parties...
Cash-basis Accounting
records revenue when cash is...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Credit Elsewhere Test (CET)
The test to determine the...
Affiliated Group
When two or more...
Collateral
Assets pledged by a borrower to secure a loan...
Depreciation
A non-cash operating expense that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Request for Proposal (RFP)
A document outlining a...
Assets
The amount of current assets that is left...
S-Corporation
A form of corporation, allowed by...
Days Receivable
A measure of the average time a...
Break-even Analysis
A calculation of the approximate sales...

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