Source: SBA.gov

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

SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.

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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.

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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.

Certified 8(a) Firm

A firm owned and operated by socially and...

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Current Assets

A balance sheet item which equals...

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GPM%

The measure of every sales dollar left...

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Applicant Individual

aka who is requesting an SBA loan...

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Principal

the owner(s) of the Applicant Entity that...

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Small Business

A business smaller than...

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Guarantor

The legal entity and...

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Companion File

When an applicant has another application filed...

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Subcontract

A contract between a prime cont...

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Accrual Basis Accounting

recognizes revenues when earned and expenses are...

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DBA

ex. Blocker & Sons LLC, doing business as Bob's Burgers

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Joint Venture

In the SBA Mentor-Protégé Program...

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Physical Loans

Funds to repair/replace dis...

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Collateral

Assets pledged by a borrower to secure a loan...

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Cash Flow Test

Part of the CET that determines if...

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