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.
Affiliates
Business concerns, organizations, or...
Projection
An estimate of future economic or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Negotiation
Contracting through the use of...
Companion File
When an applicant has another application filed...
Trend Analysis
A comparative analysis of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Certified 8(a) Firm
A firm owned and operated by socially and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Phase 1
Process used to determine the...
Break-even Analysis
A calculation of the approximate sales...
Defense Contractor
Any person who enters into...
Current Assets
A balance sheet item which equals...
Full and Open Competition
With respect to a contract action...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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