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.
Small Disadvantaged Business Concern
A small business concern that...
Partnership
A type of unincorporated business org...
Applicant Entity
The business entity requesting...
Applicant Individual
aka who is requesting an SBA loan...
Primary Activity
The major business activity of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Certificate of Competency
A certificate issued by the Small Bus...
Contracting
Purchasing, renting, leasing, or...
Assets
The amount of current assets that is left...
Phase 1
Process used to determine the...
Duplicated Interest
The amount of interest exp...
Amortization
A non-cash operating expense that...
S-Corporation
A form of corporation, allowed by...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Affiliate
Business concerns are affiliates if one concern...

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