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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Best and Final Offer
For negotiated procurements...
Liabilities
A financial obligation...
Hardship Waiver
Method used to approve a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Break-even Analysis
A calculation of the approximate sales...
Cash-basis Accounting
records revenue when cash is...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Request for Proposal (RFP)
A document outlining a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Applicant Individual
aka who is requesting an SBA loan...
Lien
A legal claim against an...
Limited Partnership
A business organization with one or...
Protégé
A firm in a developmental stage that...
Joint Venture
In the SBA Mentor-Protégé Program...
Contract
A mutually binding legal rel..

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