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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Lien
A legal claim against an...
Income Statement
Shows the entity’s income and...
Current Assets
A balance sheet item which equals...
Hardship Waiver
Method used to approve a...
Liabilities
A financial obligation...
Partnering
A mutually beneficial business-to-bus...
Limited Partnership
A business organization with one or...
Mentor
A business, usually large, or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Current Liabilities
A balance sheet item, which...
Normal Gross Margin
The margin that would have been...
Contracting
Purchasing, renting, leasing, or...
Certificate of Competency
A certificate issued by the Small Bus...
Request for Proposal (RFP)
A document outlining a...

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