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.
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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.
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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...
Request for Proposal (RFP)
A document outlining a...
Full and Open Competition
With respect to a contract action...
Hardship Waiver
Method used to approve a...
Contractor Team Arrangement
An arrangement in which...
Days Payable
A measure of the average time a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Electronic Data Interchange
Transmission of information bet...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Schedule of Liabilities
A business debt schedule that lists all of the debts...
GPM%
The measure of every sales dollar left...
Days Receivable
A measure of the average time a...
B/E (Business EIDL) Loan
A business loan that...
Prime Contract
A contract awarded directly...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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