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.
Current Assets
A balance sheet item which equals...
Contracting
Purchasing, renting, leasing, or...
Phase 2
Process to be used to determine economic injury for...
Working Capital (WC)
The amount of current assets that...
Affiliate
Business concerns are affiliates if one concern...
Contractor Team Arrangement
An arrangement in which...
Business Activity
The business (or loss) activity of...
Subcontract
A contract between a prime cont...
Intermediary Organization
Organizations that play a funda...
Normal Gross Margin
The margin that would have been...
Duplicated Interest
The amount of interest exp...
Full and Open Competition
With respect to a contract action...
Subsidiary
A company for which a majority of the...
Fair and Reasonable Price
A price that is fair to both parties...
GPM%
The measure of every sales dollar left...

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