Extraordinary Items

Additional expenses that are outside “normal” operations and caused directly by the disaster.

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.
Working Capital (WC)
The amount of current assets that...
Certificate of Competency
A certificate issued by the Small Bus...
Injury Period
The time period during...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Negotiation
Contracting through the use of...
Primary Activity
The major business activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Partnership
A type of unincorporated business org...
SCORE
Counselors to America's Small Bus...
Normal Gross Margin
The margin that would have been...
Normal Annual Sales
Those sales that would have...
Electronic Data Interchange
Transmission of information bet...
Depreciation
A non-cash operating expense that...
Equity
An accounting term used to...
Affiliate
Business concerns are affiliates if one concern...

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