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.
Phase 2
Process to be used to determine economic injury for...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Collateral
Assets pledged by a borrower to secure a loan...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Adjusted Net Worth
Post disaster fair market value of tangible...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Contractor Team Arrangement
An arrangement in which...
Duplicated Interest
The amount of interest exp...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Subcontract
A contract between a prime cont...
Affiliate
Business concerns are affiliates if one concern...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Sole Proprietor
an individual who...

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