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.
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.
Acquisition
The acquiring of supplies or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Days Payable
A measure of the average time a...
Normal Annual Sales
Those sales that would have...
Primary Activity
The major business activity of...
S-Corporation
A form of corporation, allowed by...
Credit Score Test
Part of the home loan CET show a...
Applicant/Co-Applicant
Business entity and person requesting...
Joint Venture
In the SBA Mentor-Protégé Program...
Contracting Officer
A person with the authority to...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Liabilities
A financial obligation...
Best and Final Offer
For negotiated procurements...
Request for Proposal (RFP)
A document outlining a...
Subcontract
A contract between a prime cont...

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