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.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Contract
A mutually binding legal rel..
NAICS
NAICS codes are common...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Principal
the owner(s) of the Applicant Entity that...
Applicant Individual
aka who is requesting an SBA loan...
Affiliate
Business concerns are affiliates if one concern...
Break-even Analysis
A calculation of the approximate sales...
Phase 2
Process to be used to determine economic injury for...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Phase 1
Process used to determine the...
Joint Venture
In the SBA Mentor-Protégé Program...
Collateral
Assets pledged by a borrower to secure a loan...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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