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.
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.
Physical Loans
Funds to repair/replace dis...
Acquisition
The acquiring of supplies or...
Small Disadvantaged Business Concern
A small business concern that...
Affiliated Group
When two or more...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Limited Partnership
A business organization with one or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Equity
An accounting term used to...
Defense Contractor
Any person who enters into...
Normal Annual Sales
Those sales that would have...
Amortization
A non-cash operating expense that...
Full and Open Competition
With respect to a contract action...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Projection
An estimate of future economic or...

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