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.
Cash Flow Test
Part of the CET that determines if...
Contracting
Purchasing, renting, leasing, or...
S-Corporation
A form of corporation, allowed by...
Collateral
Assets pledged by a borrower to secure a loan...
Certified 8(a) Firm
A firm owned and operated by socially and...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Acquisition
The acquiring of supplies or...
Applicant/Co-Applicant
Business entity and person requesting...
Negotiation
Contracting through the use of...
Applicant Entity
The business entity requesting...
Working Capital (WC)
The amount of current assets that...
Days Payable
A measure of the average time a...
Affiliates
Business concerns, organizations, or...
Small Business
A business smaller than...

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