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.
Income Statement
Shows the entity’s income and...
Normal Annual Sales
Those sales that would have...
Mentor
A business, usually large, or...
Subsidiary
A company for which a majority of the...
Applicant Individual
aka who is requesting an SBA loan...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Affiliated Group
When two or more...
Assets
The amount of current assets that is left...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Fair and Reasonable Price
A price that is fair to both parties...
GPM%
The measure of every sales dollar left...
Sole Proprietor
an individual who...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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