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.
Liabilities
A financial obligation...
Applicant/Co-Applicant
Business entity and person requesting...
Projection
An estimate of future economic or...
Defense Contractor
Any person who enters into...
Depreciation
A non-cash operating expense that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash Flow Test
Part of the CET that determines if...
Certified 8(a) Firm
A firm owned and operated by socially and...
Partnering
A mutually beneficial business-to-bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Mentor
A business, usually large, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Applicant Entity
The business entity requesting...
B/E (Business EIDL) Loan
A business loan that...
Subsidiary
A company for which a majority of the...

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