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...
Substantial Damage
This means uninsured or otherwise uncompensated...
Equity
An accounting term used to...
Credit Elsewhere Test (CET)
The test to determine the...
Trend Analysis
A comparative analysis of...
Break-even Analysis
A calculation of the approximate sales...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Certified 8(a) Firm
A firm owned and operated by socially and...
Small Disadvantaged Business Concern
A small business concern that...
Capital Leases
are for the purchase of fixed assets such as...
Companion File
When an applicant has another application filed...
Applicant/Co-Applicant
Business entity and person requesting...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Amortization
A non-cash operating expense that...
Subcontract
A contract between a prime cont...

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