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.
Intermediary Organization
Organizations that play a funda...
Depreciation
A non-cash operating expense that...
Duplicated Interest
The amount of interest exp...
Sole Proprietor
an individual who...
Certified 8(a) Firm
A firm owned and operated by socially and...
Collateral
Assets pledged by a borrower to secure a loan...
Affiliated Group
When two or more...
Emerging Small Business
A small business concern whose...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
B/E (Business EIDL) Loan
A business loan that...
Subsidiary
A company for which a majority of the...
S-Corporation
A form of corporation, allowed by...
Phase 1
Process used to determine the...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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