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.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Guarantor
The legal entity and...
Affiliates
Business concerns, organizations, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Primary Activity
The major business activity of...
Contract
A mutually binding legal rel..
B/E (Business EIDL) Loan
A business loan that...
Companion File
When an applicant has another application filed...
Certified 8(a) Firm
A firm owned and operated by socially and...
Substantial Damage
This means uninsured or otherwise uncompensated...
Current Liabilities
A balance sheet item, which...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Intermediary Organization
Organizations that play a funda...

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