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.
Defense Contractor
Any person who enters into...
Sole Proprietor
an individual who...
Partnering
A mutually beneficial business-to-bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Full and Open Competition
With respect to a contract action...
Certificate of Competency
A certificate issued by the Small Bus...
Extraordinary Items
Additional expenses that are...
Affiliated Group
When two or more...
Income Statement
Shows the entity’s income and...
Guarantor
The legal entity and...
Credit Score Test
Part of the home loan CET show a...
Break-even Analysis
A calculation of the approximate sales...
Phase 1
Process used to determine the...
Projection
An estimate of future economic or...
Current Assets
A balance sheet item which equals...

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