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.
Affiliates
Business concerns, organizations, or...
Partnering
A mutually beneficial business-to-bus...
Primary Activity
The major business activity of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Affiliate
Business concerns are affiliates if one concern...
Phase 2
Process to be used to determine economic injury for...
Liabilities
A financial obligation...
Amortization
A non-cash operating expense that...
S-Corporation
A form of corporation, allowed by...
SCORE
Counselors to America's Small Bus...
Normal Gross Margin
The margin that would have been...
Defense Contractor
Any person who enters into...
Contract
A mutually binding legal rel..
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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