Glossary
SBA Terms

Subcontract

A contract between a prime contractor and a subcontractor to furnish supplies or services for the performance of a prime contract or subcontract.

Updated on
September 9, 2022
Published on
June 20, 2018
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Full and Open Competition
With respect to a contract action...
Equity
An accounting term used to...
Projection
An estimate of future economic or...
Prime Contract
A contract awarded directly...
Adjusted Net Worth
Post disaster fair market value of tangible...
Small Business
A business smaller than...
Amortization
A non-cash operating expense that...
Current Liabilities
A balance sheet item, which...
Subsidiary
A company for which a majority of the...
Primary Activity
The major business activity of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Applicant/Co-Applicant
Business entity and person requesting...
Corporation (C-corp.)
The most common form of business org...
Intermediary Organization
Organizations that play a funda...
GPM%
The measure of every sales dollar left...

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