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.
Affiliates
Business concerns, organizations, or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Operating Leases
are deducted on the company’s...
Business Activity
The business (or loss) activity of...
Injury Period
The time period during...
Small Business
A business smaller than...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Substantial Damage
This means uninsured or otherwise uncompensated...
Affiliated Group
When two or more...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Partnership
A type of unincorporated business org...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Applicant Individual
aka who is requesting an SBA loan...
Income Statement
Shows the entity’s income and...

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