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.
Contracting Officer
A person with the authority to...
Injury Period
The time period during...
Electronic Data Interchange
Transmission of information bet...
Full and Open Competition
With respect to a contract action...
Current Liabilities
A balance sheet item, which...
Sole Proprietor
an individual who...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Operating Leases
are deducted on the company’s...
Affiliated Group
When two or more...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Subcontract
A contract between a prime cont...
Partnership
A type of unincorporated business org...
Adjusted Net Worth
Post disaster fair market value of tangible...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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