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.
Guarantor
The legal entity and...
Liabilities
A financial obligation...
Break-even Analysis
A calculation of the approximate sales...
Substantial Damage
This means uninsured or otherwise uncompensated...
Projection
An estimate of future economic or...
Physical Loans
Funds to repair/replace dis...
Hardship Waiver
Method used to approve a...
Best and Final Offer
For negotiated procurements...
Days Receivable
A measure of the average time a...
Current Assets
A balance sheet item which equals...
Phase 2
Process to be used to determine economic injury for...
Duplicated Interest
The amount of interest exp...
GPM%
The measure of every sales dollar left...
Companion File
When an applicant has another application filed...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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