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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Duplicated Interest
The amount of interest exp...
Principal
the owner(s) of the Applicant Entity that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Mentor
A business, usually large, or...
Equity
An accounting term used to...
NAICS
NAICS codes are common...
Defense Contractor
Any person who enters into...
Prime Contract
A contract awarded directly...
Affiliates
Business concerns, organizations, or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Normal Gross Margin
The margin that would have been...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Partnering
A mutually beneficial business-to-bus...

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