Phase 1

Process used to determine the amount of economic injury for a business in operation for at least a year prior to the disaster that had physical damage.

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.
Limited Partnership
A business organization with one or...
Normal Gross Margin
The margin that would have been...
Joint Venture
In the SBA Mentor-Protégé Program...
Cash Flow Test
Part of the CET that determines if...
Days Payable
A measure of the average time a...
Prime Contract
A contract awarded directly...
Liabilities
A financial obligation...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Certified 8(a) Firm
A firm owned and operated by socially and...
Operating Leases
are deducted on the company’s...
Certificate of Competency
A certificate issued by the Small Bus...
Sole Proprietor
an individual who...
Principal
the owner(s) of the Applicant Entity that...
Credit Score Test
Part of the home loan CET show a...

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