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.
Amortization
A non-cash operating expense that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
SCORE
Counselors to America's Small Bus...
Primary Activity
The major business activity of...
Applicant/Co-Applicant
Business entity and person requesting...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Liabilities
A financial obligation...
Fair and Reasonable Price
A price that is fair to both parties...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Current Assets
A balance sheet item which equals...
Prime Contract
A contract awarded directly...
Certificate of Competency
A certificate issued by the Small Bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.