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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Trend Analysis
A comparative analysis of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Primary Activity
The major business activity of...
Substantial Damage
This means uninsured or otherwise uncompensated...
Mentor
A business, usually large, or...
Business Activity
The business (or loss) activity of...
Equity
An accounting term used to...
Phase 2
Process to be used to determine economic injury for...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Working Capital (WC)
The amount of current assets that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Request for Proposal (RFP)
A document outlining a...
Injury Analysis
Measures the effects of...
Depreciation
A non-cash operating expense that...

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