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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Current Assets
A balance sheet item which equals...
Electronic Data Interchange
Transmission of information bet...
Prime Contract
A contract awarded directly...
Small Disadvantaged Business Concern
A small business concern that...
Capital Leases
are for the purchase of fixed assets such as...
GPM%
The measure of every sales dollar left...
Full and Open Competition
With respect to a contract action...
Limited Partnership
A business organization with one or...
Equity
An accounting term used to...
Hardship Waiver
Method used to approve a...
Principal
the owner(s) of the Applicant Entity that...
Partnering
A mutually beneficial business-to-bus...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Intermediary Organization
Organizations that play a funda...

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