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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Credit Score Test
Part of the home loan CET show a...
Projection
An estimate of future economic or...
Collateral
Assets pledged by a borrower to secure a loan...
Defense Contractor
Any person who enters into...
Duplicated Interest
The amount of interest exp...
Applicant/Co-Applicant
Business entity and person requesting...
Break-even Analysis
A calculation of the approximate sales...
Negotiation
Contracting through the use of...
Affiliates
Business concerns, organizations, or...
Full and Open Competition
With respect to a contract action...
Assets
The amount of current assets that is left...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Cash-basis Accounting
records revenue when cash is...

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