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.
Partnering
A mutually beneficial business-to-bus...
Negotiation
Contracting through the use of...
Equity
An accounting term used to...
Emerging Small Business
A small business concern whose...
Injury Analysis
Measures the effects of...
Applicant Individual
aka who is requesting an SBA loan...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Defense Contractor
Any person who enters into...
Principal
the owner(s) of the Applicant Entity that...
Request for Proposal (RFP)
A document outlining a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Lien
A legal claim against an...
Applicant Entity
The business entity requesting...
Hardship Waiver
Method used to approve a...

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