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.
Small Business
A business smaller than...
Subcontract
A contract between a prime cont...
Contract
A mutually binding legal rel..
Injury Period
The time period during...
Extraordinary Items
Additional expenses that are...
Subsidiary
A company for which a majority of the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Assets
The amount of current assets that is left...
Phase 1
Process used to determine the...
Normal Annual Sales
Those sales that would have...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Partnering
A mutually beneficial business-to-bus...
Defense Contractor
Any person who enters into...
Credit Elsewhere Test (CET)
The test to determine the...
Trend Analysis
A comparative analysis of...

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