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.
Joint Venture
In the SBA Mentor-Protégé Program...
Depreciation
A non-cash operating expense that...
Certificate of Competency
A certificate issued by the Small Bus...
Applicant Individual
aka who is requesting an SBA loan...
Mentor
A business, usually large, or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Affiliate
Business concerns are affiliates if one concern...
SCORE
Counselors to America's Small Bus...
Limited Partnership
A business organization with one or...
S-Corporation
A form of corporation, allowed by...
Emerging Small Business
A small business concern whose...
GPM%
The measure of every sales dollar left...
Collateral
Assets pledged by a borrower to secure a loan...
Credit Elsewhere Test (CET)
The test to determine the...
Partnering
A mutually beneficial business-to-bus...

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