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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Prime Contract
A contract awarded directly...
Emerging Small Business
A small business concern whose...
Comparative Analysis
Is designed to point out significant trends that...
Applicant Entity
The business entity requesting...
Operating Leases
are deducted on the company’s...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Business Activity
The business (or loss) activity of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Capital Leases
are for the purchase of fixed assets such as...
Liabilities
A financial obligation...
Full and Open Competition
With respect to a contract action...
Days Payable
A measure of the average time a...
Contract
A mutually binding legal rel..
Mentor
A business, usually large, or...
Depreciation
A non-cash operating expense that...

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