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.
Credit Score Test
Part of the home loan CET show a...
Limited Partnership
A business organization with one or...
Applicant/Co-Applicant
Business entity and person requesting...
Comparative Analysis
Is designed to point out significant trends that...
Current Assets
A balance sheet item which equals...
Cash-basis Accounting
records revenue when cash is...
Substantial Damage
This means uninsured or otherwise uncompensated...
GPM%
The measure of every sales dollar left...
Acquisition
The acquiring of supplies or...
Negotiation
Contracting through the use of...
Partnering
A mutually beneficial business-to-bus...
Capital Leases
are for the purchase of fixed assets such as...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Collateral
Assets pledged by a borrower to secure a loan...
Contractor Team Arrangement
An arrangement in which...

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