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.
Guarantor
The legal entity and...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Certified 8(a) Firm
A firm owned and operated by socially and...
Credit Score Test
Part of the home loan CET show a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Projection
An estimate of future economic or...
Small Disadvantaged Business Concern
A small business concern that...
Emerging Small Business
A small business concern whose...
Lien
A legal claim against an...
Credit Elsewhere Test (CET)
The test to determine the...
Operating Leases
are deducted on the company’s...
Joint Venture
In the SBA Mentor-Protégé Program...
Physical Loans
Funds to repair/replace dis...
NAICS
NAICS codes are common...

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