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.
Mentor
A business, usually large, or...
Primary Activity
The major business activity of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Sole Proprietor
an individual who...
Income Statement
Shows the entity’s income and...
Contracting Officer
A person with the authority to...
Protégé
A firm in a developmental stage that...
Request for Proposal (RFP)
A document outlining a...
Days Receivable
A measure of the average time a...
Negotiation
Contracting through the use of...
Phase 1
Process used to determine the...
Certified 8(a) Firm
A firm owned and operated by socially and...
Lien
A legal claim against an...
Amortization
A non-cash operating expense that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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