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.
Emerging Small Business
A small business concern whose...
S-Corporation
A form of corporation, allowed by...
Affiliate
Business concerns are affiliates if one concern...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Request for Proposal (RFP)
A document outlining a...
Applicant Entity
The business entity requesting...
Break-even Analysis
A calculation of the approximate sales...
Contractor Team Arrangement
An arrangement in which...
Small Business
A business smaller than...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
NAICS
NAICS codes are common...
Injury Period
The time period during...
Capital Leases
are for the purchase of fixed assets such as...
Negotiation
Contracting through the use of...
Applicant/Co-Applicant
Business entity and person requesting...

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