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.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Principal
the owner(s) of the Applicant Entity that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contractor Team Arrangement
An arrangement in which...
Projection
An estimate of future economic or...
Intermediary Organization
Organizations that play a funda...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Normal Gross Margin
The margin that would have been...
Primary Activity
The major business activity of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Extraordinary Items
Additional expenses that are...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Duplicated Interest
The amount of interest exp...
Applicant/Co-Applicant
Business entity and person requesting...

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