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.
Contractor Team Arrangement
An arrangement in which...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Projection
An estimate of future economic or...
Collateral
Assets pledged by a borrower to secure a loan...
Certified 8(a) Firm
A firm owned and operated by socially and...
Income Statement
Shows the entity’s income and...
Affiliates
Business concerns, organizations, or...
Days Payable
A measure of the average time a...
Phase 1
Process used to determine the...
Applicant Entity
The business entity requesting...
Normal Gross Margin
The margin that would have been...
Amortization
A non-cash operating expense that...
Certificate of Competency
A certificate issued by the Small Bus...
Substantial Damage
This means uninsured or otherwise uncompensated...
Days Receivable
A measure of the average time a...

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