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.
Certified 8(a) Firm
A firm owned and operated by socially and...
NAICS
NAICS codes are common...
Duplicated Interest
The amount of interest exp...
Comparative Analysis
Is designed to point out significant trends that...
SCORE
Counselors to America's Small Bus...
Phase 1
Process used to determine the...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Affiliated Group
When two or more...
Contracting Officer
A person with the authority to...
Cash-basis Accounting
records revenue when cash is...
Companion File
When an applicant has another application filed...
Applicant/Co-Applicant
Business entity and person requesting...
Capital Leases
are for the purchase of fixed assets such as...
Injury Period
The time period during...

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