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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Physical Loans
Funds to repair/replace dis...
Extraordinary Items
Additional expenses that are...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Acquisition
The acquiring of supplies or...
Protégé
A firm in a developmental stage that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Best and Final Offer
For negotiated procurements...
Days Receivable
A measure of the average time a...
Hardship Waiver
Method used to approve a...
Liabilities
A financial obligation...
Injury Analysis
Measures the effects of...
Primary Activity
The major business activity of...
Emerging Small Business
A small business concern whose...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Collateral
Assets pledged by a borrower to secure a loan...

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