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.
Full and Open Competition
With respect to a contract action...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Partnering
A mutually beneficial business-to-bus...
Fair and Reasonable Price
A price that is fair to both parties...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Operating Leases
are deducted on the company’s...
Extraordinary Items
Additional expenses that are...
Phase 1
Process used to determine the...
Negotiation
Contracting through the use of...
Affiliates
Business concerns, organizations, or...
Injury Analysis
Measures the effects of...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Assets
The amount of current assets that is left...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Applicant/Co-Applicant
Business entity and person requesting...

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