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.
Subcontract
A contract between a prime cont...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Principal
the owner(s) of the Applicant Entity that...
Applicant Entity
The business entity requesting...
Collateral
Assets pledged by a borrower to secure a loan...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Sole Proprietor
an individual who...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Disadvantaged Business Concern
A small business concern that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Credit Score Test
Part of the home loan CET show a...
Operating Leases
are deducted on the company’s...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Joint Venture
In the SBA Mentor-Protégé Program...

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