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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Credit Score Test
Part of the home loan CET show a...
Companion File
When an applicant has another application filed...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Principal
the owner(s) of the Applicant Entity that...
Applicant/Co-Applicant
Business entity and person requesting...
Normal Gross Margin
The margin that would have been...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Comparative Analysis
Is designed to point out significant trends that...
Days Payable
A measure of the average time a...
Subcontract
A contract between a prime cont...
Cash Flow Test
Part of the CET that determines if...
Applicant Individual
aka who is requesting an SBA loan...
Projection
An estimate of future economic or...

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