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...
Contracting
Purchasing, renting, leasing, or...
Partnership
A type of unincorporated business org...
Negotiation
Contracting through the use of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Principal
the owner(s) of the Applicant Entity that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Injury Analysis
Measures the effects of...
Projection
An estimate of future economic or...
Collateral
Assets pledged by a borrower to secure a loan...
Contract
A mutually binding legal rel..
Full and Open Competition
With respect to a contract action...
S-Corporation
A form of corporation, allowed by...
Request for Proposal (RFP)
A document outlining a...
Applicant Entity
The business entity requesting...

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