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.
Subsidiary
A company for which a majority of the...
Subcontract
A contract between a prime cont...
Guarantor
The legal entity and...
Injury Period
The time period during...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Principal
the owner(s) of the Applicant Entity that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Standard Industrial Classification (SIC) Code
A code representing a category within...
Sole Proprietor
an individual who...
Amortization
A non-cash operating expense that...
Best and Final Offer
For negotiated procurements...
Phase 2
Process to be used to determine economic injury for...
Comparative Analysis
Is designed to point out significant trends that...
Duplicated Interest
The amount of interest exp...
Income Statement
Shows the entity’s income and...

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