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.
Normal Annual Sales
Those sales that would have...
Small Business
A business smaller than...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Phase 2
Process to be used to determine economic injury for...
Current Assets
A balance sheet item which equals...
Credit Elsewhere Test (CET)
The test to determine the...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contract
A mutually binding legal rel..
Companion File
When an applicant has another application filed...
Lien
A legal claim against an...
Operating Leases
are deducted on the company’s...
Protégé
A firm in a developmental stage that...
Physical Loans
Funds to repair/replace dis...
Current Liabilities
A balance sheet item, which...
Working Capital (WC)
The amount of current assets that...

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