Extraordinary Items

Additional expenses that are outside “normal” operations and caused directly by the disaster.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Affiliates
Business concerns, organizations, or...
Affiliated Group
When two or more...
Mentor
A business, usually large, or...
Applicant Entity
The business entity requesting...
Amortization
A non-cash operating expense that...
Negotiation
Contracting through the use of...
Days Receivable
A measure of the average time a...
Contracting Officer
A person with the authority to...
Phase 1
Process used to determine the...
Phase 2
Process to be used to determine economic injury for...
Break-even Analysis
A calculation of the approximate sales...
Intermediary Organization
Organizations that play a funda...
Contractor Team Arrangement
An arrangement in which...
Cash-basis Accounting
records revenue when cash is...
Current Assets
A balance sheet item which equals...

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