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 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 Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Applicant Entity
The business entity requesting...
Partnering
A mutually beneficial business-to-bus...
Corporation (C-corp.)
The most common form of business org...
Hardship Waiver
Method used to approve a...
Amortization
A non-cash operating expense that...
Subsidiary
A company for which a majority of the...
Electronic Data Interchange
Transmission of information bet...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliated Group
When two or more...
Capital Leases
are for the purchase of fixed assets such as...
Contracting Officer
A person with the authority to...
Normal Annual Sales
Those sales that would have...
Cash Flow Test
Part of the CET that determines if...
Business Activity
The business (or loss) activity of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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