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.
Current Assets
A balance sheet item which equals...
B/E (Business EIDL) Loan
A business loan that...
Subsidiary
A company for which a majority of the...
Capital Leases
are for the purchase of fixed assets such as...
Subcontract
A contract between a prime cont...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Companion File
When an applicant has another application filed...
Hardship Waiver
Method used to approve a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Cash-basis Accounting
records revenue when cash is...
Fair and Reasonable Price
A price that is fair to both parties...
Request for Proposal (RFP)
A document outlining a...
SCORE
Counselors to America's Small Bus...
Adjusted Net Worth
Post disaster fair market value of tangible...

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