Contracting

Purchasing, renting, leasing, or otherwise obtaining supplies or services from nonfederal sources. Contracting includes the description of supplies and services required, the selection and solicitation of sources, the preparation and award of contracts, and all phases of contract administration. It does not include grants or cooperative agreements.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Liabilities
A financial obligation...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Credit Elsewhere Test (CET)
The test to determine the...
Small Disadvantaged Business Concern
A small business concern that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Projection
An estimate of future economic or...
Certificate of Competency
A certificate issued by the Small Bus...
Limited Partnership
A business organization with one or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Capital Leases
are for the purchase of fixed assets such as...
Equity
An accounting term used to...
S-Corporation
A form of corporation, allowed by...
SCORE
Counselors to America's Small Bus...
Companion File
When an applicant has another application filed...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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