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.
Current Assets
A balance sheet item which equals...
Credit Score Test
Part of the home loan CET show a...
Request for Proposal (RFP)
A document outlining a...
Normal Annual Sales
Those sales that would have...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contracting
Purchasing, renting, leasing, or...
Negotiation
Contracting through the use of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Applicant Individual
aka who is requesting an SBA loan...
Business Activity
The business (or loss) activity of...
Intermediary Organization
Organizations that play a funda...
Affiliate
Business concerns are affiliates if one concern...
Amortization
A non-cash operating expense that...
Contractor Team Arrangement
An arrangement in which...
Collateral
Assets pledged by a borrower to secure a loan...

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