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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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.
Operating Leases
are deducted on the company’s...
S-Corporation
A form of corporation, allowed by...
Prime Contract
A contract awarded directly...
Cash Flow Test
Part of the CET that determines if...
Joint Venture
In the SBA Mentor-Protégé Program...
Corporation (C-corp.)
The most common form of business org...
Sole Proprietor
an individual who...
Contract
A mutually binding legal rel..
Working Capital (WC)
The amount of current assets that...
Defense Contractor
Any person who enters into...
Normal Annual Sales
Those sales that would have...
Projection
An estimate of future economic or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Depreciation
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...

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