Contractor Team Arrangement

An arrangement in which (a) two or more companies form a partnership or joint venture to act as potential prime contractor; or (b) an agreement by a potential prime contractor with one or more other companies to have them act as its subcontractors under a specified government contract or acquisition program.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Credit Score Test
Part of the home loan CET show a...
Certificate of Competency
A certificate issued by the Small Bus...
Operating Leases
are deducted on the company’s...
Partnering
A mutually beneficial business-to-bus...
Certified 8(a) Firm
A firm owned and operated by socially and...
Prime Contract
A contract awarded directly...
Subcontract
A contract between a prime cont...
Acquisition
The acquiring of supplies or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
S-Corporation
A form of corporation, allowed by...
Fair and Reasonable Price
A price that is fair to both parties...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Defense Contractor
Any person who enters into...
Collateral
Assets pledged by a borrower to secure a loan...

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