Small Business Common Application Act of 2012 - Directs the Administrator of the Small Business Administration (SBA) to establish and maintain a small business common application and web portal (application and portal) to allow small businesses to submit a single common application for federal assistance provided by any executive agency, including loans and loan guarantees, grants, technical assistance, and counseling services.
Establishes in the Economic Development Administration an Executive Committee on a Small Business Common Application, which shall: (1) make recommendations regarding the establishment of the application and portal, (2) monitor their implementation, and (3) make periodic recommendations to the Administrator for their improvement.