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.
Electronic Data Interchange
Transmission of information bet...
Certified 8(a) Firm
A firm owned and operated by socially and...
Cash Flow Test
Part of the CET that determines if...
Phase 2
Process to be used to determine economic injury for...
Partnership
A type of unincorporated business org...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
NAICS
NAICS codes are common...
Phase 1
Process used to determine the...
Negotiation
Contracting through the use of...
Applicant Entity
The business entity requesting...
Credit Elsewhere Test (CET)
The test to determine the...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Injury Analysis
Measures the effects of...
Collateral
Assets pledged by a borrower to secure a loan...
Sole Proprietor
an individual who...

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