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.
Guarantor
The legal entity and...
Sole Proprietor
an individual who...
Principal
the owner(s) of the Applicant Entity that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Joint Venture
In the SBA Mentor-Protégé Program...
Small Business
A business smaller than...
Contract
A mutually binding legal rel..
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Projection
An estimate of future economic or...
Primary Activity
The major business activity of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Extraordinary Items
Additional expenses that are...
Depreciation
A non-cash operating expense that...
Business Activity
The business (or loss) activity of...
Applicant Entity
The business entity requesting...

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