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.
Primary Activity
The major business activity of...
Normal Annual Sales
Those sales that would have...
Subsidiary
A company for which a majority of the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Collateral
Assets pledged by a borrower to secure a loan...
Sole Proprietor
an individual who...
Corporation (C-corp.)
The most common form of business org...
Phase 2
Process to be used to determine economic injury for...
B/E (Business EIDL) Loan
A business loan that...
Small Disadvantaged Business Concern
A small business concern that...
Subcontract
A contract between a prime cont...
Applicant/Co-Applicant
Business entity and person requesting...
Cash-basis Accounting
records revenue when cash is...
Defense Contractor
Any person who enters into...
Business Activity
The business (or loss) activity of...

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