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.
Partnership
A type of unincorporated business org...
Assets
The amount of current assets that is left...
Subsidiary
A company for which a majority of the...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Disadvantaged Business Concern
A small business concern that...
Contracting Officer
A person with the authority to...
Contracting
Purchasing, renting, leasing, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Fair and Reasonable Price
A price that is fair to both parties...
Full and Open Competition
With respect to a contract action...
Electronic Data Interchange
Transmission of information bet...
NAICS
NAICS codes are common...
Limited Partnership
A business organization with one or...
Prime Contract
A contract awarded directly...
Protégé
A firm in a developmental stage that...

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