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.
GPM%
The measure of every sales dollar left...
NAICS
NAICS codes are common...
Trend Analysis
A comparative analysis of...
Projection
An estimate of future economic or...
Mentor
A business, usually large, or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Credit Elsewhere Test (CET)
The test to determine the...
Negotiation
Contracting through the use of...
Current Liabilities
A balance sheet item, which...
Income Statement
Shows the entity’s income and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Subsidiary
A company for which a majority of the...
Business Activity
The business (or loss) activity of...
Injury Period
The time period during...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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