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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Electronic Data Interchange
Transmission of information bet...
Guarantor
The legal entity and...
Projection
An estimate of future economic or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Request for Proposal (RFP)
A document outlining a...
Sole Proprietor
an individual who...
Cash-basis Accounting
records revenue when cash is...
Equity
An accounting term used to...
Current Liabilities
A balance sheet item, which...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Capital Leases
are for the purchase of fixed assets such as...
Joint Venture
In the SBA Mentor-Protégé Program...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Partnership
A type of unincorporated business org...
Phase 2
Process to be used to determine economic injury for...

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