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.
Liabilities
A financial obligation...
Phase 1
Process used to determine the...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contracting Officer
A person with the authority to...
Income Statement
Shows the entity’s income and...
Subcontract
A contract between a prime cont...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Applicant Entity
The business entity requesting...
Acquisition
The acquiring of supplies or...
Duplicated Interest
The amount of interest exp...
Limited Partnership
A business organization with one or...
Electronic Data Interchange
Transmission of information bet...
Working Capital (WC)
The amount of current assets that...
Days Payable
A measure of the average time a...

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