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.
Days Receivable
A measure of the average time a...
Phase 1
Process used to determine the...
Equity
An accounting term used to...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Depreciation
A non-cash operating expense that...
Working Capital (WC)
The amount of current assets that...
Injury Period
The time period during...
Operating Leases
are deducted on the company’s...
Credit Elsewhere Test (CET)
The test to determine the...
Hardship Waiver
Method used to approve a...
Current Assets
A balance sheet item which equals...
S-Corporation
A form of corporation, allowed by...
Extraordinary Items
Additional expenses that are...
Partnership
A type of unincorporated business org...

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