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.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Income Statement
Shows the entity’s income and...
Depreciation
A non-cash operating expense that...
Emerging Small Business
A small business concern whose...
Hardship Waiver
Method used to approve a...
Intermediary Organization
Organizations that play a funda...
Phase 2
Process to be used to determine economic injury for...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Best and Final Offer
For negotiated procurements...
Projection
An estimate of future economic or...
Applicant Entity
The business entity requesting...
Days Receivable
A measure of the average time a...
Current Assets
A balance sheet item which equals...
Normal Annual Sales
Those sales that would have...

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