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.
Adjusted Net Worth
Post disaster fair market value of tangible...
Comparative Analysis
Is designed to point out significant trends that...
Days Payable
A measure of the average time a...
Extraordinary Items
Additional expenses that are...
Contracting Officer
A person with the authority to...
Guarantor
The legal entity and...
Small Disadvantaged Business Concern
A small business concern that...
Contract
A mutually binding legal rel..
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Request for Proposal (RFP)
A document outlining a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Hardship Waiver
Method used to approve a...
Phase 1
Process used to determine the...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Assets
The amount of current assets that is left...

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