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.
Principal
the owner(s) of the Applicant Entity that...
Mentor
A business, usually large, or...
Business Activity
The business (or loss) activity of...
Hardship Waiver
Method used to approve a...
Request for Proposal (RFP)
A document outlining a...
Full and Open Competition
With respect to a contract action...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Trend Analysis
A comparative analysis of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Assets
The amount of current assets that is left...
Adjusted Net Worth
Post disaster fair market value of tangible...
Primary Activity
The major business activity of...
Break-even Analysis
A calculation of the approximate sales...
Lien
A legal claim against an...
Fair and Reasonable Price
A price that is fair to both parties...

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