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.
Working Capital (WC)
The amount of current assets that...
Duplicated Interest
The amount of interest exp...
Contracting
Purchasing, renting, leasing, or...
Collateral
Assets pledged by a borrower to secure a loan...
Affiliated Group
When two or more...
Equity
An accounting term used to...
Contract
A mutually binding legal rel..
Cash Flow Test
Part of the CET that determines if...
B/E (Business EIDL) Loan
A business loan that...
Intermediary Organization
Organizations that play a funda...
Phase 2
Process to be used to determine economic injury for...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Income Statement
Shows the entity’s income and...
Injury Period
The time period during...
Affiliates
Business concerns, organizations, or...

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