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.
Normal Annual Sales
Those sales that would have...
Contractor Team Arrangement
An arrangement in which...
Companion File
When an applicant has another application filed...
Days Receivable
A measure of the average time a...
Electronic Data Interchange
Transmission of information bet...
Sole Proprietor
an individual who...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Cash Flow Test
Part of the CET that determines if...
Emerging Small Business
A small business concern whose...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Applicant/Co-Applicant
Business entity and person requesting...
Projection
An estimate of future economic or...
Cash-basis Accounting
records revenue when cash is...
Trend Analysis
A comparative analysis of...
Best and Final Offer
For negotiated procurements...

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