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.
Sole Proprietor
an individual who...
Primary Activity
The major business activity of...
Days Receivable
A measure of the average time a...
Contractor Team Arrangement
An arrangement in which...
Partnering
A mutually beneficial business-to-bus...
Applicant/Co-Applicant
Business entity and person requesting...
Contract
A mutually binding legal rel..
Phase 1
Process used to determine the...
Break-even Analysis
A calculation of the approximate sales...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Credit Elsewhere Test (CET)
The test to determine the...
Subsidiary
A company for which a majority of the...
Credit Score Test
Part of the home loan CET show a...
Depreciation
A non-cash operating expense that...
Capital Leases
are for the purchase of fixed assets such as...

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