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.
Contracting Officer
A person with the authority to...
Applicant Entity
The business entity requesting...
Injury Period
The time period during...
Operating Leases
are deducted on the company’s...
Adjusted Net Worth
Post disaster fair market value of tangible...
Income Statement
Shows the entity’s income and...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Full and Open Competition
With respect to a contract action...
Sole Proprietor
an individual who...
Small Disadvantaged Business Concern
A small business concern that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Cash-basis Accounting
records revenue when cash is...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Affiliates
Business concerns, organizations, or...

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