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.
Companion File
When an applicant has another application filed...
Credit Elsewhere Test (CET)
The test to determine the...
Projection
An estimate of future economic or...
Liabilities
A financial obligation...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Depreciation
A non-cash operating expense that...
Normal Gross Margin
The margin that would have been...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Injury Analysis
Measures the effects of...
Certificate of Competency
A certificate issued by the Small Bus...
Prime Contract
A contract awarded directly...
Applicant/Co-Applicant
Business entity and person requesting...
Operating Leases
are deducted on the company’s...
Principal
the owner(s) of the Applicant Entity that...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.