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...
Fair and Reasonable Price
A price that is fair to both parties...
Injury Analysis
Measures the effects of...
Days Receivable
A measure of the average time a...
Assets
The amount of current assets that is left...
Physical Loans
Funds to repair/replace dis...
Small Disadvantaged Business Concern
A small business concern that...
Contracting Officer
A person with the authority to...
Injury Period
The time period during...
Contractor Team Arrangement
An arrangement in which...
Principal
the owner(s) of the Applicant Entity that...
Applicant Individual
aka who is requesting an SBA loan...
Partnering
A mutually beneficial business-to-bus...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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