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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Credit Elsewhere Test (CET)
The test to determine the...
Small Disadvantaged Business Concern
A small business concern that...
B/E (Business EIDL) Loan
A business loan that...
Days Receivable
A measure of the average time a...
Hardship Waiver
Method used to approve a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Best and Final Offer
For negotiated procurements...
Trend Analysis
A comparative analysis of...
Liabilities
A financial obligation...
Prime Contract
A contract awarded directly...
Substantial Damage
This means uninsured or otherwise uncompensated...
Current Liabilities
A balance sheet item, which...
Corporation (C-corp.)
The most common form of business org...
Normal Annual Sales
Those sales that would have...

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