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.
Intermediary Organization
Organizations that play a funda...
Hardship Waiver
Method used to approve a...
Subcontract
A contract between a prime cont...
Small Business
A business smaller than...
Days Receivable
A measure of the average time a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Credit Score Test
Part of the home loan CET show a...
Electronic Data Interchange
Transmission of information bet...
Physical Loans
Funds to repair/replace dis...
Collateral
Assets pledged by a borrower to secure a loan...
Assets
The amount of current assets that is left...
Cash-basis Accounting
records revenue when cash is...
Lien
A legal claim against an...
Cash Flow Test
Part of the CET that determines if...
Contractor Team Arrangement
An arrangement in which...

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