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.
Explore 7a loans

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.
Defense Contractor
Any person who enters into...
Applicant Entity
The business entity requesting...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Duplicated Interest
The amount of interest exp...
Contract
A mutually binding legal rel..
Assets
The amount of current assets that is left...
Income Statement
Shows the entity’s income and...
Negotiation
Contracting through the use of...
Partnering
A mutually beneficial business-to-bus...
Phase 1
Process used to determine the...
Request for Proposal (RFP)
A document outlining a...
Fair and Reasonable Price
A price that is fair to both parties...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Affiliated Group
When two or more...

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