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.
Contractor Team Arrangement
An arrangement in which...
Certificate of Competency
A certificate issued by the Small Bus...
Request for Proposal (RFP)
A document outlining a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Applicant/Co-Applicant
Business entity and person requesting...
Subsidiary
A company for which a majority of the...
Joint Venture
In the SBA Mentor-Protégé Program...
Partnership
A type of unincorporated business org...
Partnering
A mutually beneficial business-to-bus...
Applicant Individual
aka who is requesting an SBA loan...
Fair and Reasonable Price
A price that is fair to both parties...
Collateral
Assets pledged by a borrower to secure a loan...
SCORE
Counselors to America's Small Bus...
Equity
An accounting term used to...
Subcontract
A contract between a prime cont...

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