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.
Fair and Reasonable Price
A price that is fair to both parties...
Collateral
Assets pledged by a borrower to secure a loan...
Hardship Waiver
Method used to approve a...
Prime Contract
A contract awarded directly...
Emerging Small Business
A small business concern whose...
Extraordinary Items
Additional expenses that are...
Substantial Damage
This means uninsured or otherwise uncompensated...
Intermediary Organization
Organizations that play a funda...
Working Capital (WC)
The amount of current assets that...
Days Receivable
A measure of the average time a...
Companion File
When an applicant has another application filed...
Affiliated Group
When two or more...
Limited Partnership
A business organization with one or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Joint Venture
In the SBA Mentor-Protégé Program...

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