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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Intermediary Organization
Organizations that play a funda...
Companion File
When an applicant has another application filed...
Equity
An accounting term used to...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
NAICS
NAICS codes are common...
Operating Leases
are deducted on the company’s...
Best and Final Offer
For negotiated procurements...
Contracting Officer
A person with the authority to...
S-Corporation
A form of corporation, allowed by...
Contractor Team Arrangement
An arrangement in which...
Mentor
A business, usually large, or...
Hardship Waiver
Method used to approve a...
Principal
the owner(s) of the Applicant Entity that...
Fair and Reasonable Price
A price that is fair to both parties...

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