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.
Defense Contractor
Any person who enters into...
Trend Analysis
A comparative analysis of...
S-Corporation
A form of corporation, allowed by...
Days Receivable
A measure of the average time a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Affiliate
Business concerns are affiliates if one concern...
Contracting Officer
A person with the authority to...
Request for Proposal (RFP)
A document outlining a...
Guarantor
The legal entity and...
B/E (Business EIDL) Loan
A business loan that...
Phase 1
Process used to determine the...
Intermediary Organization
Organizations that play a funda...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant Individual
aka who is requesting an SBA loan...
Lien
A legal claim against an...

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