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.
Adjusted Net Worth
Post disaster fair market value of tangible...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Defense Contractor
Any person who enters into...
Cash Flow Test
Part of the CET that determines if...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Hardship Waiver
Method used to approve a...
S-Corporation
A form of corporation, allowed by...
Sole Proprietor
an individual who...
Intermediary Organization
Organizations that play a funda...
Guarantor
The legal entity and...
Phase 1
Process used to determine the...
Cash-basis Accounting
records revenue when cash is...
Joint Venture
In the SBA Mentor-Protégé Program...
Working Capital (WC)
The amount of current assets that...
Full and Open Competition
With respect to a contract action...

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