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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Current Liabilities
A balance sheet item, which...
Equity
An accounting term used to...
Small Disadvantaged Business Concern
A small business concern that...
Full and Open Competition
With respect to a contract action...
Phase 1
Process used to determine the...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Comparative Analysis
Is designed to point out significant trends that...
Normal Annual Sales
Those sales that would have...
Capital Leases
are for the purchase of fixed assets such as...
Phase 2
Process to be used to determine economic injury for...
Sole Proprietor
an individual who...
Contracting
Purchasing, renting, leasing, or...
Applicant/Co-Applicant
Business entity and person requesting...
Joint Venture
In the SBA Mentor-Protégé Program...
Income Statement
Shows the entity’s income and...

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