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.
Explore 7a loans

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.
Emerging Small Business
A small business concern whose...
Subsidiary
A company for which a majority of the...
Affiliate
Business concerns are affiliates if one concern...
Partnership
A type of unincorporated business org...
Principal
the owner(s) of the Applicant Entity that...
Working Capital (WC)
The amount of current assets that...
Sole Proprietor
an individual who...
Income Statement
Shows the entity’s income and...
Certificate of Competency
A certificate issued by the Small Bus...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Prime Contract
A contract awarded directly...
Duplicated Interest
The amount of interest exp...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Defense Contractor
Any person who enters into...

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