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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Sole Proprietor
an individual who...
Normal Gross Margin
The margin that would have been...
Certified 8(a) Firm
A firm owned and operated by socially and...
Certificate of Competency
A certificate issued by the Small Bus...
Depreciation
A non-cash operating expense that...
Business Activity
The business (or loss) activity of...
Subcontract
A contract between a prime cont...
Collateral
Assets pledged by a borrower to secure a loan...
Request for Proposal (RFP)
A document outlining a...
Income Statement
Shows the entity’s income and...
Full and Open Competition
With respect to a contract action...
Affiliate
Business concerns are affiliates if one concern...
Current Assets
A balance sheet item which equals...
Credit Score Test
Part of the home loan CET show a...

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