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.
Break-even Analysis
A calculation of the approximate sales...
Primary Activity
The major business activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Hardship Waiver
Method used to approve a...
Subcontract
A contract between a prime cont...
Current Assets
A balance sheet item which equals...
Full and Open Competition
With respect to a contract action...
B/E (Business EIDL) Loan
A business loan that...
Applicant Entity
The business entity requesting...
Comparative Analysis
Is designed to point out significant trends that...
Phase 2
Process to be used to determine economic injury for...
Phase 1
Process used to determine the...
Prime Contract
A contract awarded directly...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Current Liabilities
A balance sheet item, which...

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