Prime Contract

A contract awarded directly by the Federal government.

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.
Affiliate
Business concerns are affiliates if one concern...
Projection
An estimate of future economic or...
Applicant Entity
The business entity requesting...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Certified 8(a) Firm
A firm owned and operated by socially and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Full and Open Competition
With respect to a contract action...
Capital Leases
are for the purchase of fixed assets such as...
Assets
The amount of current assets that is left...
Acquisition
The acquiring of supplies or...
Cash Flow Test
Part of the CET that determines if...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Companion File
When an applicant has another application filed...
Equity
An accounting term used to...

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