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.
Credit Elsewhere Test (CET)
The test to determine the...
Defense Contractor
Any person who enters into...
Projection
An estimate of future economic or...
Small Disadvantaged Business Concern
A small business concern that...
Guarantor
The legal entity and...
Injury Period
The time period during...
Affiliate
Business concerns are affiliates if one concern...
Cash Flow Test
Part of the CET that determines if...
Applicant Entity
The business entity requesting...
Credit Score Test
Part of the home loan CET show a...
Amortization
A non-cash operating expense that...
SCORE
Counselors to America's Small Bus...
Cash-basis Accounting
records revenue when cash is...
Prime Contract
A contract awarded directly...
Corporation (C-corp.)
The most common form of business org...

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