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.
Current Liabilities
A balance sheet item, which...
NAICS
NAICS codes are common...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Companion File
When an applicant has another application filed...
Intermediary Organization
Organizations that play a funda...
Defense Contractor
Any person who enters into...
Operating Leases
are deducted on the company’s...
Best and Final Offer
For negotiated procurements...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Injury Analysis
Measures the effects of...
Sole Proprietor
an individual who...
Certificate of Competency
A certificate issued by the Small Bus...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Affiliated Group
When two or more...
Business Activity
The business (or loss) activity of...

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