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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Working Capital (WC)
The amount of current assets that...
Credit Elsewhere Test (CET)
The test to determine the...
Guarantor
The legal entity and...
Applicant/Co-Applicant
Business entity and person requesting...
Capital Leases
are for the purchase of fixed assets such as...
NAICS
NAICS codes are common...
Amortization
A non-cash operating expense that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Current Liabilities
A balance sheet item, which...
Physical Loans
Funds to repair/replace dis...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant Entity
The business entity requesting...
Days Receivable
A measure of the average time a...
Acquisition
The acquiring of supplies or...

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