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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
B/E (Business EIDL) Loan
A business loan that...
Projection
An estimate of future economic or...
Comparative Analysis
Is designed to point out significant trends that...
Defense Contractor
Any person who enters into...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Limited Partnership
A business organization with one or...
Normal Gross Margin
The margin that would have been...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Affiliated Group
When two or more...
Applicant/Co-Applicant
Business entity and person requesting...
Current Assets
A balance sheet item which equals...
Contracting Officer
A person with the authority to...
Principal
the owner(s) of the Applicant Entity that...
Contractor Team Arrangement
An arrangement in which...

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