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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Applicant Entity
The business entity requesting...
Joint Venture
In the SBA Mentor-Protégé Program...
Certified 8(a) Firm
A firm owned and operated by socially and...
Prime Contract
A contract awarded directly...
Defense Contractor
Any person who enters into...
Partnership
A type of unincorporated business org...
Fair and Reasonable Price
A price that is fair to both parties...
Electronic Data Interchange
Transmission of information bet...
Cash Flow Test
Part of the CET that determines if...
Partnering
A mutually beneficial business-to-bus...
B/E (Business EIDL) Loan
A business loan that...
Certificate of Competency
A certificate issued by the Small Bus...
Capital Leases
are for the purchase of fixed assets such as...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Income Statement
Shows the entity’s income and...

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