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
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.
Corporation (C-corp.)
The most common form of business org...
Physical Loans
Funds to repair/replace dis...
Applicant Entity
The business entity requesting...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Contractor Team Arrangement
An arrangement in which...
Phase 1
Process used to determine the...
Certificate of Competency
A certificate issued by the Small Bus...
GPM%
The measure of every sales dollar left...
Limited Partnership
A business organization with one or...
Injury Analysis
Measures the effects of...
Contracting
Purchasing, renting, leasing, or...
NAICS
NAICS codes are common...
Income Statement
Shows the entity’s income and...
Applicant Individual
aka who is requesting an SBA loan...
Normal Gross Margin
The margin that would have been...

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