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.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Days Payable
A measure of the average time a...
Physical Loans
Funds to repair/replace dis...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Principal
the owner(s) of the Applicant Entity that...
SCORE
Counselors to America's Small Bus...
Assets
The amount of current assets that is left...
Mentor
A business, usually large, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Partnership
A type of unincorporated business org...
Hardship Waiver
Method used to approve a...
Partnering
A mutually beneficial business-to-bus...
Contractor Team Arrangement
An arrangement in which...
Applicant/Co-Applicant
Business entity and person requesting...
Projection
An estimate of future economic or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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