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.
Credit Elsewhere Test (CET)
The test to determine the...
Affiliates
Business concerns, organizations, or...
Break-even Analysis
A calculation of the approximate sales...
Extraordinary Items
Additional expenses that are...
Applicant Individual
aka who is requesting an SBA loan...
Cash-basis Accounting
records revenue when cash is...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Primary Activity
The major business activity of...
Substantial Damage
This means uninsured or otherwise uncompensated...
Days Payable
A measure of the average time a...
Duplicated Interest
The amount of interest exp...
Best and Final Offer
For negotiated procurements...
Lien
A legal claim against an...
GPM%
The measure of every sales dollar left...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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