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.
Projection
An estimate of future economic or...
Physical Loans
Funds to repair/replace dis...
Amortization
A non-cash operating expense that...
Subsidiary
A company for which a majority of the...
Primary Activity
The major business activity of...
Operating Leases
are deducted on the company’s...
Protégé
A firm in a developmental stage that...
Subcontract
A contract between a prime cont...
Capital Leases
are for the purchase of fixed assets such as...
Depreciation
A non-cash operating expense that...
Principal
the owner(s) of the Applicant Entity that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Contracting
Purchasing, renting, leasing, or...
Cash Flow Test
Part of the CET that determines if...

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