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.
Hardship Waiver
Method used to approve a...
B/E (Business EIDL) Loan
A business loan that...
Prime Contract
A contract awarded directly...
Equity
An accounting term used to...
Affiliate
Business concerns are affiliates if one concern...
Affiliates
Business concerns, organizations, or...
Subsidiary
A company for which a majority of the...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Partnership
A type of unincorporated business org...
Duplicated Interest
The amount of interest exp...
Intermediary Organization
Organizations that play a funda...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Cash Flow Test
Part of the CET that determines if...

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