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.
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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