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...
Small Business
A business smaller than...
Contracting
Purchasing, renting, leasing, or...
Corporation (C-corp.)
The most common form of business org...
Standard Industrial Classification (SIC) Code
A code representing a category within...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Extraordinary Items
Additional expenses that are...
Acquisition
The acquiring of supplies or...
Protégé
A firm in a developmental stage that...
Full and Open Competition
With respect to a contract action...
SCORE
Counselors to America's Small Bus...
Subsidiary
A company for which a majority of the...
Partnership
A type of unincorporated business org...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

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