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.
Collateral
Assets pledged by a borrower to secure a loan...
Contracting
Purchasing, renting, leasing, or...
Certificate of Competency
A certificate issued by the Small Bus...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Normal Gross Margin
The margin that would have been...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Applicant Entity
The business entity requesting...
S-Corporation
A form of corporation, allowed by...
Comparative Analysis
Is designed to point out significant trends that...
Intermediary Organization
Organizations that play a funda...
Physical Loans
Funds to repair/replace dis...
Limited Partnership
A business organization with one or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Days Payable
A measure of the average time a...

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