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.
S-Corporation
A form of corporation, allowed by...
Lien
A legal claim against an...
Electronic Data Interchange
Transmission of information bet...
Principal
the owner(s) of the Applicant Entity that...
Affiliated Group
When two or more...
Companion File
When an applicant has another application filed...
SCORE
Counselors to America's Small Bus...
Business Activity
The business (or loss) activity of...
Limited Partnership
A business organization with one or...
Sole Proprietor
an individual who...
Physical Loans
Funds to repair/replace dis...
Days Payable
A measure of the average time a...
Mentor
A business, usually large, or...
Current Assets
A balance sheet item which equals...
Adjusted Net Worth
Post disaster fair market value of tangible...

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