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.
Partnering
A mutually beneficial business-to-bus...
Applicant/Co-Applicant
Business entity and person requesting...
Hardship Waiver
Method used to approve a...
Limited Partnership
A business organization with one or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Guarantor
The legal entity and...
Cash Flow Test
Part of the CET that determines if...
Substantial Damage
This means uninsured or otherwise uncompensated...
Duplicated Interest
The amount of interest exp...
Affiliate
Business concerns are affiliates if one concern...
Contract
A mutually binding legal rel..
Partnership
A type of unincorporated business org...
Current Liabilities
A balance sheet item, which...
GPM%
The measure of every sales dollar left...

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