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.
Projection
An estimate of future economic or...
Capital Leases
are for the purchase of fixed assets such as...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Subcontract
A contract between a prime cont...
Partnership
A type of unincorporated business org...
Normal Annual Sales
Those sales that would have...
Collateral
Assets pledged by a borrower to secure a loan...
Contract
A mutually binding legal rel..
Substantial Damage
This means uninsured or otherwise uncompensated...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Adjusted Net Worth
Post disaster fair market value of tangible...
Mentor
A business, usually large, or...
Applicant Individual
aka who is requesting an SBA loan...
Operating Leases
are deducted on the company’s...
Break-even Analysis
A calculation of the approximate sales...

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