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.
Normal Annual Sales
Those sales that would have...
Injury Period
The time period during...
Subsidiary
A company for which a majority of the...
Income Statement
Shows the entity’s income and...
Limited Partnership
A business organization with one or...
Capital Leases
are for the purchase of fixed assets such as...
GPM%
The measure of every sales dollar left...
Current Liabilities
A balance sheet item, which...
Certificate of Competency
A certificate issued by the Small Bus...
Best and Final Offer
For negotiated procurements...
Comparative Analysis
Is designed to point out significant trends that...
Equity
An accounting term used to...
Full and Open Competition
With respect to a contract action...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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