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.
Cash-basis Accounting
records revenue when cash is...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Affiliated Group
When two or more...
Primary Activity
The major business activity of...
Guarantor
The legal entity and...
Applicant Individual
aka who is requesting an SBA loan...
Mentor
A business, usually large, or...
Income Statement
Shows the entity’s income and...
Partnering
A mutually beneficial business-to-bus...
Adjusted Net Worth
Post disaster fair market value of tangible...
Best and Final Offer
For negotiated procurements...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Equity
An accounting term used to...
Partnership
A type of unincorporated business org...
Current Assets
A balance sheet item which equals...

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