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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Emerging Small Business
A small business concern whose...
Current Liabilities
A balance sheet item, which...
Certificate of Competency
A certificate issued by the Small Bus...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Normal Gross Margin
The margin that would have been...
Projection
An estimate of future economic or...
Physical Loans
Funds to repair/replace dis...
Assets
The amount of current assets that is left...
Limited Partnership
A business organization with one or...
Lien
A legal claim against an...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Companion File
When an applicant has another application filed...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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