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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Certificate of Competency
A certificate issued by the Small Bus...
Credit Score Test
Part of the home loan CET show a...
Working Capital (WC)
The amount of current assets that...
Best and Final Offer
For negotiated procurements...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Intermediary Organization
Organizations that play a funda...
Duplicated Interest
The amount of interest exp...
Phase 1
Process used to determine the...
Request for Proposal (RFP)
A document outlining a...
Contracting
Purchasing, renting, leasing, or...
Mentor
A business, usually large, or...
Injury Period
The time period during...
Small Business
A business smaller than...
Applicant/Co-Applicant
Business entity and person requesting...

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