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
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.
SCORE
Counselors to America's Small Bus...
Business Activity
The business (or loss) activity of...
Physical Loans
Funds to repair/replace dis...
Companion File
When an applicant has another application filed...
Assets
The amount of current assets that is left...
Break-even Analysis
A calculation of the approximate sales...
Contractor Team Arrangement
An arrangement in which...
Days Receivable
A measure of the average time a...
Trend Analysis
A comparative analysis of...
Small Business
A business smaller than...
Collateral
Assets pledged by a borrower to secure a loan...
Subsidiary
A company for which a majority of the...
Projection
An estimate of future economic or...
GPM%
The measure of every sales dollar left...
Capital Leases
are for the purchase of fixed assets such as...

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