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.
Extraordinary Items
Additional expenses that are...
Guarantor
The legal entity and...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Depreciation
A non-cash operating expense that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Collateral
Assets pledged by a borrower to secure a loan...
Operating Leases
are deducted on the company’s...
Request for Proposal (RFP)
A document outlining a...
Liabilities
A financial obligation...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Prime Contract
A contract awarded directly...
Assets
The amount of current assets that is left...
Contracting Officer
A person with the authority to...
Days Payable
A measure of the average time a...

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