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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
SCORE
Counselors to America's Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Electronic Data Interchange
Transmission of information bet...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Physical Loans
Funds to repair/replace dis...
Credit Elsewhere Test (CET)
The test to determine the...
Best and Final Offer
For negotiated procurements...
Applicant Individual
aka who is requesting an SBA loan...
Small Disadvantaged Business Concern
A small business concern that...
B/E (Business EIDL) Loan
A business loan that...
Income Statement
Shows the entity’s income and...
Limited Partnership
A business organization with one or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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