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.
Injury Period
The time period during...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Affiliates
Business concerns, organizations, or...
Current Liabilities
A balance sheet item, which...
Protégé
A firm in a developmental stage that...
Credit Elsewhere Test (CET)
The test to determine the...
Mentor
A business, usually large, or...
Corporation (C-corp.)
The most common form of business org...
Subsidiary
A company for which a majority of the...
Business Activity
The business (or loss) activity of...
Small Business
A business smaller than...
Applicant/Co-Applicant
Business entity and person requesting...
Electronic Data Interchange
Transmission of information bet...
Companion File
When an applicant has another application filed...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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