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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Credit Score Test
Part of the home loan CET show a...
Mentor
A business, usually large, or...
Guarantor
The legal entity and...
Companion File
When an applicant has another application filed...
Subcontract
A contract between a prime cont...
Small Business
A business smaller than...
Capital Leases
are for the purchase of fixed assets such as...
Contractor Team Arrangement
An arrangement in which...
Working Capital (WC)
The amount of current assets that...
Operating Leases
are deducted on the company’s...
Liabilities
A financial obligation...
Physical Loans
Funds to repair/replace dis...
Substantial Damage
This means uninsured or otherwise uncompensated...
Negotiation
Contracting through the use of...
Business Activity
The business (or loss) activity of...

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