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.
Companion File
When an applicant has another application filed...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Lien
A legal claim against an...
Principal
the owner(s) of the Applicant Entity that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Capital Leases
are for the purchase of fixed assets such as...
Fair and Reasonable Price
A price that is fair to both parties...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
B/E (Business EIDL) Loan
A business loan that...
Physical Loans
Funds to repair/replace dis...
Comparative Analysis
Is designed to point out significant trends that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Partnering
A mutually beneficial business-to-bus...
S-Corporation
A form of corporation, allowed by...

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