Glossary
SBA Terms

Normal Annual Sales

Those sales that would have been attained had the disaster not occurred. To determine this figure, you must first review historical sales figures and identify the trends.

Updated on
September 9, 2022
Published on
June 20, 2018
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Subsidiary
A company for which a majority of the...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Request for Proposal (RFP)
A document outlining a...
Break-even Analysis
A calculation of the approximate sales...
GPM%
The measure of every sales dollar left...
Corporation (C-corp.)
The most common form of business org...
Electronic Data Interchange
Transmission of information bet...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Cash-basis Accounting
records revenue when cash is...
Defense Contractor
Any person who enters into...
Assets
The amount of current assets that is left...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Current Assets
A balance sheet item which equals...
Applicant/Co-Applicant
Business entity and person requesting...

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