Glossary
SBA Terms

Normal Annual Sales

Those sales 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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Liabilities
A financial obligation...
Operating Leases
are deducted on the company’s...
Applicant Entity
The business entity requesting...
Extraordinary Items
Additional expenses that are...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Protégé
A firm in a developmental stage that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Corporation (C-corp.)
The most common form of business org...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Certificate of Competency
A certificate issued by the Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Principal
the owner(s) of the Applicant Entity that...
Contracting
Purchasing, renting, leasing, or...

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