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.
Cash Flow Test
Part of the CET that determines if...
Working Capital (WC)
The amount of current assets that...
S-Corporation
A form of corporation, allowed by...
Credit Score Test
Part of the home loan CET show a...
Joint Venture
In the SBA Mentor-Protégé Program...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Lien
A legal claim against an...
Partnering
A mutually beneficial business-to-bus...
Days Receivable
A measure of the average time a...
Guarantor
The legal entity and...
Physical Loans
Funds to repair/replace dis...
Phase 1
Process used to determine the...
Certificate of Competency
A certificate issued by the Small Bus...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Capital Leases
are for the purchase of fixed assets such as...

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