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 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.
Contractor Team Arrangement
An arrangement in which...
Fair and Reasonable Price
A price that is fair to both parties...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Certified 8(a) Firm
A firm owned and operated by socially and...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Negotiation
Contracting through the use of...
Contracting
Purchasing, renting, leasing, or...
Current Liabilities
A balance sheet item, which...
Normal Gross Margin
The margin that would have been...
Substantial Damage
This means uninsured or otherwise uncompensated...
Lien
A legal claim against an...
Acquisition
The acquiring of supplies or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Credit Elsewhere Test (CET)
The test to determine the...
Electronic Data Interchange
Transmission of information bet...

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