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.
Primary Activity
The major business activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Phase 2
Process to be used to determine economic injury for...
Contract
A mutually binding legal rel..
Break-even Analysis
A calculation of the approximate sales...
Cash Flow Test
Part of the CET that determines if...
Comparative Analysis
Is designed to point out significant trends that...
Applicant Entity
The business entity requesting...
Sole Proprietor
an individual who...
Certificate of Competency
A certificate issued by the Small Bus...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Protégé
A firm in a developmental stage that...
Days Payable
A measure of the average time a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Lien
A legal claim against an...

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