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.
Phase 2
Process to be used to determine economic injury for...
Partnership
A type of unincorporated business org...
Certified 8(a) Firm
A firm owned and operated by socially and...
Protégé
A firm in a developmental stage that...
Credit Score Test
Part of the home loan CET show a...
Prime Contract
A contract awarded directly...
Injury Period
The time period during...
Limited Partnership
A business organization with one or...
Trend Analysis
A comparative analysis of...
Days Payable
A measure of the average time a...
Applicant Entity
The business entity requesting...
Best and Final Offer
For negotiated procurements...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Primary Activity
The major business activity of...
Substantial Damage
This means uninsured or otherwise uncompensated...

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