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.
Emerging Small Business
A small business concern whose...
Best and Final Offer
For negotiated procurements...
Physical Loans
Funds to repair/replace dis...
Substantial Damage
This means uninsured or otherwise uncompensated...
S-Corporation
A form of corporation, allowed by...
Cash Flow Test
Part of the CET that determines if...
Comparative Analysis
Is designed to point out significant trends that...
Injury Period
The time period during...
B/E (Business EIDL) Loan
A business loan that...
Applicant/Co-Applicant
Business entity and person requesting...
Companion File
When an applicant has another application filed...
Equity
An accounting term used to...
Subcontract
A contract between a prime cont...
Negotiation
Contracting through the use of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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