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.
Small Disadvantaged Business Concern
A small business concern that...
Contract
A mutually binding legal rel..
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash-basis Accounting
records revenue when cash is...
Physical Loans
Funds to repair/replace dis...
Trend Analysis
A comparative analysis of...
Companion File
When an applicant has another application filed...
Limited Partnership
A business organization with one or...
Partnering
A mutually beneficial business-to-bus...
Contracting Officer
A person with the authority to...
Affiliate
Business concerns are affiliates if one concern...
Business Activity
The business (or loss) activity of...
Partnership
A type of unincorporated business org...
Days Payable
A measure of the average time a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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