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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Business
A business smaller than...
Current Assets
A balance sheet item which equals...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Liabilities
A financial obligation...
Hardship Waiver
Method used to approve a...
Certified 8(a) Firm
A firm owned and operated by socially and...
Projection
An estimate of future economic or...
Income Statement
Shows the entity’s income and...
Request for Proposal (RFP)
A document outlining a...
Limited Partnership
A business organization with one or...
Contracting Officer
A person with the authority to...
Electronic Data Interchange
Transmission of information bet...
GPM%
The measure of every sales dollar left...
Injury Analysis
Measures the effects of...

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