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.
Adjusted Net Worth
Post disaster fair market value of tangible...
Fair and Reasonable Price
A price that is fair to both parties...
Emerging Small Business
A small business concern whose...
Sole Proprietor
an individual who...
Companion File
When an applicant has another application filed...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Operating Leases
are deducted on the company’s...
Contracting
Purchasing, renting, leasing, or...
Subcontract
A contract between a prime cont...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Limited Partnership
A business organization with one or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Business Activity
The business (or loss) activity of...
Trend Analysis
A comparative analysis of...
B/E (Business EIDL) Loan
A business loan that...

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