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.
Subcontract
A contract between a prime cont...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Applicant Individual
aka who is requesting an SBA loan...
Contractor Team Arrangement
An arrangement in which...
Small Disadvantaged Business Concern
A small business concern that...
Guarantor
The legal entity and...
Physical Loans
Funds to repair/replace dis...
Break-even Analysis
A calculation of the approximate sales...
Primary Activity
The major business activity of...
Best and Final Offer
For negotiated procurements...
Cash-basis Accounting
records revenue when cash is...
Sole Proprietor
an individual who...
Affiliated Group
When two or more...
Phase 2
Process to be used to determine economic injury for...

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