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.
Projection
An estimate of future economic or...
B/E (Business EIDL) Loan
A business loan that...
Normal Annual Sales
Those sales that would have...
Sole Proprietor
an individual who...
Contract
A mutually binding legal rel..
Partnering
A mutually beneficial business-to-bus...
Limited Partnership
A business organization with one or...
Credit Elsewhere Test (CET)
The test to determine the...
Joint Venture
In the SBA Mentor-Protégé Program...
Full and Open Competition
With respect to a contract action...
Fair and Reasonable Price
A price that is fair to both parties...
Extraordinary Items
Additional expenses that are...
Days Payable
A measure of the average time a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
NAICS
NAICS codes are common...

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