Glossary
SBA Terms

Request for Proposal (RFP)

A document outlining a government agency’s requirements and the criteria for the evaluation of offers.

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.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Applicant/Co-Applicant
Business entity and person requesting...
Fair and Reasonable Price
A price that is fair to both parties...
Primary Activity
The major business activity of...
Lien
A legal claim against an...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Applicant Entity
The business entity requesting...
Income Statement
Shows the entity’s income and...
NAICS
NAICS codes are common...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Depreciation
A non-cash operating expense that...
Affiliate
Business concerns are affiliates if one concern...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Small Business
A business smaller than...

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