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.
NAICS
NAICS codes are common...
Comparative Analysis
Is designed to point out significant trends that...
Trend Analysis
A comparative analysis of...
GPM%
The measure of every sales dollar left...
Equity
An accounting term used to...
Current Liabilities
A balance sheet item, which...
Contracting Officer
A person with the authority to...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Business Activity
The business (or loss) activity of...
Affiliated Group
When two or more...
B/E (Business EIDL) Loan
A business loan that...
Depreciation
A non-cash operating expense that...
Projection
An estimate of future economic or...
Guarantor
The legal entity and...
Subsidiary
A company for which a majority of the...

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