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.
B/E (Business EIDL) Loan
A business loan that...
Equity
An accounting term used to...
Duplicated Interest
The amount of interest exp...
Projection
An estimate of future economic or...
Phase 2
Process to be used to determine economic injury for...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliate
Business concerns are affiliates if one concern...
Partnership
A type of unincorporated business org...
Lien
A legal claim against an...
Partnering
A mutually beneficial business-to-bus...
Request for Proposal (RFP)
A document outlining a...
Business Activity
The business (or loss) activity of...
Credit Score Test
Part of the home loan CET show a...
Corporation (C-corp.)
The most common form of business org...
Credit Elsewhere Test (CET)
The test to determine the...

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