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.
Affiliate
Business concerns are affiliates if one concern...
Capital Leases
are for the purchase of fixed assets such as...
Business Activity
The business (or loss) activity of...
Principal
the owner(s) of the Applicant Entity that...
Injury Analysis
Measures the effects of...
Contracting
Purchasing, renting, leasing, or...
Limited Partnership
A business organization with one or...
Applicant Entity
The business entity requesting...
Defense Contractor
Any person who enters into...
Amortization
A non-cash operating expense that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Full and Open Competition
With respect to a contract action...
Assets
The amount of current assets that is left...
Corporation (C-corp.)
The most common form of business org...
Contractor Team Arrangement
An arrangement in which...

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