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.
Adjusted Net Worth
Post disaster fair market value of tangible...
Primary Activity
The major business activity of...
Negotiation
Contracting through the use of...
Lien
A legal claim against an...
Affiliates
Business concerns, organizations, or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Amortization
A non-cash operating expense that...
Contractor Team Arrangement
An arrangement in which...
Break-even Analysis
A calculation of the approximate sales...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Intermediary Organization
Organizations that play a funda...
Partnership
A type of unincorporated business org...
Business Activity
The business (or loss) activity of...
Defense Contractor
Any person who enters into...
Cash-basis Accounting
records revenue when cash is...

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