Glossary
SBA Terms

Phase 2

Process to be used to determine economic injury for a business either in operation less than one year or not satisfied with result of Phase I analysis or submitted a Stand Alone EIDL request.

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.
Duplicated Interest
The amount of interest exp...
Partnership
A type of unincorporated business org...
Affiliates
Business concerns, organizations, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Collateral
Assets pledged by a borrower to secure a loan...
Current Assets
A balance sheet item which equals...
Applicant Entity
The business entity requesting...
Current Liabilities
A balance sheet item, which...
Adjusted Net Worth
Post disaster fair market value of tangible...
Guarantor
The legal entity and...
Physical Loans
Funds to repair/replace dis...
Credit Score Test
Part of the home loan CET show a...
Small Business
A business smaller than...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Days Payable
A measure of the average time a...

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