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.
Credit Elsewhere Test (CET)
The test to determine the...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Phase 1
Process used to determine the...
Duplicated Interest
The amount of interest exp...
Injury Analysis
Measures the effects of...
Lien
A legal claim against an...
Capital Leases
are for the purchase of fixed assets such as...
Days Receivable
A measure of the average time a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Current Liabilities
A balance sheet item, which...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Injury Period
The time period during...
Adjusted Net Worth
Post disaster fair market value of tangible...

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