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.
Current Assets
A balance sheet item which equals...
GPM%
The measure of every sales dollar left...
Current Liabilities
A balance sheet item, which...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Best and Final Offer
For negotiated procurements...
Extraordinary Items
Additional expenses that are...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Liabilities
A financial obligation...
Applicant/Co-Applicant
Business entity and person requesting...
Certificate of Competency
A certificate issued by the Small Bus...
Partnering
A mutually beneficial business-to-bus...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Days Payable
A measure of the average time a...
Principal
the owner(s) of the Applicant Entity that...
Primary Activity
The major business activity of...

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