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.
Request for Proposal (RFP)
A document outlining a...
Income Statement
Shows the entity’s income and...
Certificate of Competency
A certificate issued by the Small Bus...
Current Liabilities
A balance sheet item, which...
Joint Venture
In the SBA Mentor-Protégé Program...
Prime Contract
A contract awarded directly...
Projection
An estimate of future economic or...
Hardship Waiver
Method used to approve a...
Limited Partnership
A business organization with one or...
GPM%
The measure of every sales dollar left...
Trend Analysis
A comparative analysis of...
Contractor Team Arrangement
An arrangement in which...
Applicant Entity
The business entity requesting...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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