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.
Best and Final Offer
For negotiated procurements...
Credit Elsewhere Test (CET)
The test to determine the...
Projection
An estimate of future economic or...
Acquisition
The acquiring of supplies or...
Physical Loans
Funds to repair/replace dis...
Partnering
A mutually beneficial business-to-bus...
Affiliates
Business concerns, organizations, or...
Full and Open Competition
With respect to a contract action...
Cash-basis Accounting
records revenue when cash is...
Break-even Analysis
A calculation of the approximate sales...
Income Statement
Shows the entity’s income and...
Assets
The amount of current assets that is left...
Contracting
Purchasing, renting, leasing, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Limited Partnership
A business organization with one or...

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