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.
Break-even Analysis
A calculation of the approximate sales...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Liabilities
A financial obligation...
Principal
the owner(s) of the Applicant Entity that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Operating Leases
are deducted on the company’s...
Current Assets
A balance sheet item which equals...
Negotiation
Contracting through the use of...
Contracting
Purchasing, renting, leasing, or...
Fair and Reasonable Price
A price that is fair to both parties...
Credit Elsewhere Test (CET)
The test to determine the...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Companion File
When an applicant has another application filed...
Joint Venture
In the SBA Mentor-Protégé Program...
SCORE
Counselors to America's Small Bus...

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