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.
Extraordinary Items
Additional expenses that are...
Request for Proposal (RFP)
A document outlining a...
Partnership
A type of unincorporated business org...
Subcontract
A contract between a prime cont...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Contracting Officer
A person with the authority to...
Limited Partnership
A business organization with one or...
Guarantor
The legal entity and...
Phase 1
Process used to determine the...
Cash-basis Accounting
records revenue when cash is...
Equity
An accounting term used to...
Best and Final Offer
For negotiated procurements...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
B/E (Business EIDL) Loan
A business loan that...
Applicant Entity
The business entity requesting...

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