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.
Lien
A legal claim against an...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Sole Proprietor
an individual who...
Primary Activity
The major business activity of...
Applicant Entity
The business entity requesting...
Capital Leases
are for the purchase of fixed assets such as...
Electronic Data Interchange
Transmission of information bet...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Certified 8(a) Firm
A firm owned and operated by socially and...
Certificate of Competency
A certificate issued by the Small Bus...
Operating Leases
are deducted on the company’s...
Request for Proposal (RFP)
A document outlining a...
Affiliates
Business concerns, organizations, or...
GPM%
The measure of every sales dollar left...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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