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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Phase 2
Process to be used to determine economic injury for...
Comparative Analysis
Is designed to point out significant trends that...
Contractor Team Arrangement
An arrangement in which...
Projection
An estimate of future economic or...
SCORE
Counselors to America's Small Bus...
Applicant Individual
aka who is requesting an SBA loan...
Income Statement
Shows the entity’s income and...
B/E (Business EIDL) Loan
A business loan that...
Fair and Reasonable Price
A price that is fair to both parties...
Amortization
A non-cash operating expense that...
Equity
An accounting term used to...
Collateral
Assets pledged by a borrower to secure a loan...
Companion File
When an applicant has another application filed...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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