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.
Assets
The amount of current assets that is left...
NAICS
NAICS codes are common...
Affiliated Group
When two or more...
Request for Proposal (RFP)
A document outlining a...
Certificate of Competency
A certificate issued by the Small Bus...
Lien
A legal claim against an...
Applicant Entity
The business entity requesting...
Current Assets
A balance sheet item which equals...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Injury Period
The time period during...
Affiliate
Business concerns are affiliates if one concern...
Projection
An estimate of future economic or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Cash-basis Accounting
records revenue when cash is...
Prime Contract
A contract awarded directly...

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