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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Physical Loans
Funds to repair/replace dis...
Intermediary Organization
Organizations that play a funda...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant Entity
The business entity requesting...
Defense Contractor
Any person who enters into...
Cash-basis Accounting
records revenue when cash is...
Extraordinary Items
Additional expenses that are...
Amortization
A non-cash operating expense that...
Hardship Waiver
Method used to approve a...
Guarantor
The legal entity and...
Subsidiary
A company for which a majority of the...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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