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.
Applicant/Co-Applicant
Business entity and person requesting...
Fair and Reasonable Price
A price that is fair to both parties...
Capital Leases
are for the purchase of fixed assets such as...
Applicant Entity
The business entity requesting...
Affiliates
Business concerns, organizations, or...
Prime Contract
A contract awarded directly...
Credit Score Test
Part of the home loan CET show a...
Business Activity
The business (or loss) activity of...
Contracting
Purchasing, renting, leasing, or...
Amortization
A non-cash operating expense that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Current Liabilities
A balance sheet item, which...
Affiliated Group
When two or more...
Extraordinary Items
Additional expenses that are...
Liabilities
A financial obligation...

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