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.
Credit Score Test
Part of the home loan CET show a...
Normal Annual Sales
Those sales that would have...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Physical Loans
Funds to repair/replace dis...
Companion File
When an applicant has another application filed...
Partnership
A type of unincorporated business org...
Break-even Analysis
A calculation of the approximate sales...
Best and Final Offer
For negotiated procurements...
Affiliate
Business concerns are affiliates if one concern...
Assets
The amount of current assets that is left...
Mentor
A business, usually large, or...
Contracting Officer
A person with the authority to...
Small Disadvantaged Business Concern
A small business concern that...
Credit Elsewhere Test (CET)
The test to determine the...
Equity
An accounting term used to...

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