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.
Collateral
Assets pledged by a borrower to secure a loan...
Phase 1
Process used to determine the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Protégé
A firm in a developmental stage that...
Subsidiary
A company for which a majority of the...
Break-even Analysis
A calculation of the approximate sales...
Extraordinary Items
Additional expenses that are...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Equity
An accounting term used to...
Hardship Waiver
Method used to approve a...
Depreciation
A non-cash operating expense that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Prime Contract
A contract awarded directly...
Fair and Reasonable Price
A price that is fair to both parties...
Adjusted Net Worth
Post disaster fair market value of tangible...

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