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.
Companion File
When an applicant has another application filed...
Partnership
A type of unincorporated business org...
Duplicated Interest
The amount of interest exp...
Days Receivable
A measure of the average time a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Income Statement
Shows the entity’s income and...
Amortization
A non-cash operating expense that...
Subcontract
A contract between a prime cont...
Current Assets
A balance sheet item which equals...
Mentor
A business, usually large, or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Protégé
A firm in a developmental stage that...
Contracting
Purchasing, renting, leasing, or...
Negotiation
Contracting through the use of...
Joint Venture
In the SBA Mentor-Protégé Program...

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