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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Affiliated Group
When two or more...
B/E (Business EIDL) Loan
A business loan that...
Corporation (C-corp.)
The most common form of business org...
Current Assets
A balance sheet item which equals...
Projection
An estimate of future economic or...
Applicant Individual
aka who is requesting an SBA loan...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Extraordinary Items
Additional expenses that are...
Full and Open Competition
With respect to a contract action...
Limited Partnership
A business organization with one or...
Partnership
A type of unincorporated business org...

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