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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Negotiation
Contracting through the use of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant Individual
aka who is requesting an SBA loan...
Guarantor
The legal entity and...
Contractor Team Arrangement
An arrangement in which...
Subcontract
A contract between a prime cont...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Collateral
Assets pledged by a borrower to secure a loan...
Certificate of Competency
A certificate issued by the Small Bus...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Operating Leases
are deducted on the company’s...
Mentor
A business, usually large, or...
Current Assets
A balance sheet item which equals...

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