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.
Companion File
When an applicant has another application filed...
Primary Activity
The major business activity of...
Electronic Data Interchange
Transmission of information bet...
Partnership
A type of unincorporated business org...
Applicant/Co-Applicant
Business entity and person requesting...
Comparative Analysis
Is designed to point out significant trends that...
Contracting
Purchasing, renting, leasing, or...
Contractor Team Arrangement
An arrangement in which...
Cash Flow Test
Part of the CET that determines if...
Corporation (C-corp.)
The most common form of business org...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Liabilities
A financial obligation...
Subcontract
A contract between a prime cont...
Days Payable
A measure of the average time a...
Projection
An estimate of future economic or...

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