Glossary
SBA Terms

Normal Gross Margin

The margin 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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Projection
An estimate of future economic or...
Extraordinary Items
Additional expenses that are...
Small Business
A business smaller than...
Injury Period
The time period during...
Certificate of Competency
A certificate issued by the Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Companion File
When an applicant has another application filed...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Sole Proprietor
an individual who...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Corporation (C-corp.)
The most common form of business org...
Collateral
Assets pledged by a borrower to secure a loan...
Certified 8(a) Firm
A firm owned and operated by socially and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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