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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Mentor
A business, usually large, or...
Partnership
A type of unincorporated business org...
Prime Contract
A contract awarded directly...
Business Activity
The business (or loss) activity of...
Injury Analysis
Measures the effects of...
Depreciation
A non-cash operating expense that...
Projection
An estimate of future economic or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Protégé
A firm in a developmental stage that...
Applicant Individual
aka who is requesting an SBA loan...
Credit Score Test
Part of the home loan CET show a...
Defense Contractor
Any person who enters into...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Small Business
A business smaller than...

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