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.
Subcontract
A contract between a prime cont...
Current Liabilities
A balance sheet item, which...
Certificate of Competency
A certificate issued by the Small Bus...
Small Disadvantaged Business Concern
A small business concern that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Trend Analysis
A comparative analysis of...
Cash Flow Test
Part of the CET that determines if...
Prime Contract
A contract awarded directly...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliate
Business concerns are affiliates if one concern...
GPM%
The measure of every sales dollar left...
Companion File
When an applicant has another application filed...
Duplicated Interest
The amount of interest exp...
Current Assets
A balance sheet item which equals...

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