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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Partnership
A type of unincorporated business org...
Emerging Small Business
A small business concern whose...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Physical Loans
Funds to repair/replace dis...
Contractor Team Arrangement
An arrangement in which...
Small Business
A business smaller than...
Negotiation
Contracting through the use of...
Applicant Entity
The business entity requesting...
S-Corporation
A form of corporation, allowed by...
Full and Open Competition
With respect to a contract action...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Current Liabilities
A balance sheet item, which...

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