Prime Contract

A contract awarded directly by the Federal government.

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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contracting Officer
A person with the authority to...
Extraordinary Items
Additional expenses that are...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Phase 1
Process used to determine the...
Current Liabilities
A balance sheet item, which...
Normal Annual Sales
Those sales that would have...
Equity
An accounting term used to...
Depreciation
A non-cash operating expense that...
Affiliates
Business concerns, organizations, or...
Trend Analysis
A comparative analysis of...
Adjusted Net Worth
Post disaster fair market value of tangible...
Contract
A mutually binding legal rel..
Fair and Reasonable Price
A price that is fair to both parties...
Joint Venture
In the SBA Mentor-Protégé Program...

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