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.
Injury Period
The time period during...
Partnership
A type of unincorporated business org...
Intermediary Organization
Organizations that play a funda...
Principal
the owner(s) of the Applicant Entity that...
Request for Proposal (RFP)
A document outlining a...
Credit Score Test
Part of the home loan CET show a...
Small Business
A business smaller than...
Applicant Entity
The business entity requesting...
Electronic Data Interchange
Transmission of information bet...
Phase 1
Process used to determine the...
Contractor Team Arrangement
An arrangement in which...
Phase 2
Process to be used to determine economic injury for...
Current Liabilities
A balance sheet item, which...
Certified 8(a) Firm
A firm owned and operated by socially and...
Physical Loans
Funds to repair/replace dis...

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