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.
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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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Extraordinary Items
Additional expenses that are...
Liabilities
A financial obligation...
Joint Venture
In the SBA Mentor-Protégé Program...
Current Assets
A balance sheet item which equals...
Normal Gross Margin
The margin that would have been...
Protégé
A firm in a developmental stage that...
Limited Partnership
A business organization with one or...
SCORE
Counselors to America's Small Bus...
Lien
A legal claim against an...
Full and Open Competition
With respect to a contract action...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Intermediary Organization
Organizations that play a funda...
Equity
An accounting term used to...
Small Disadvantaged Business Concern
A small business concern that...

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