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.
Joint Venture
In the SBA Mentor-Protégé Program...
Acquisition
The acquiring of supplies or...
Best and Final Offer
For negotiated procurements...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Defense Contractor
Any person who enters into...
Physical Loans
Funds to repair/replace dis...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Current Assets
A balance sheet item which equals...
Affiliated Group
When two or more...
Income Statement
Shows the entity’s income and...
Hardship Waiver
Method used to approve a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Mentor
A business, usually large, or...
Partnering
A mutually beneficial business-to-bus...

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