Glossary
SBA Terms

Normal Gross Margin

The margin 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.
Hardship Waiver
Method used to approve a...
Duplicated Interest
The amount of interest exp...
Applicant Individual
aka who is requesting an SBA loan...
Injury Period
The time period during...
Credit Score Test
Part of the home loan CET show a...
Certificate of Competency
A certificate issued by the Small Bus...
Collateral
Assets pledged by a borrower to secure a loan...
Principal
the owner(s) of the Applicant Entity that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Extraordinary Items
Additional expenses that are...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Contractor Team Arrangement
An arrangement in which...
Limited Partnership
A business organization with one or...
Subcontract
A contract between a prime cont...
Equity
An accounting term used to...

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