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.
Working Capital (WC)
The amount of current assets that...
Companion File
When an applicant has another application filed...
Credit Elsewhere Test (CET)
The test to determine the...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Income Statement
Shows the entity’s income and...
Collateral
Assets pledged by a borrower to secure a loan...
Phase 2
Process to be used to determine economic injury for...
Projection
An estimate of future economic or...
Contracting Officer
A person with the authority to...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Guarantor
The legal entity and...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Subsidiary
A company for which a majority of the...
Phase 1
Process used to determine the...
S-Corporation
A form of corporation, allowed by...

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