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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Contractor Team Arrangement
An arrangement in which...
Defense Contractor
Any person who enters into...
Income Statement
Shows the entity’s income and...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Affiliate
Business concerns are affiliates if one concern...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
GPM%
The measure of every sales dollar left...
Emerging Small Business
A small business concern whose...
Applicant Entity
The business entity requesting...
Acquisition
The acquiring of supplies or...
Extraordinary Items
Additional expenses that are...
Assets
The amount of current assets that is left...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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