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.
Principal
the owner(s) of the Applicant Entity that...
Request for Proposal (RFP)
A document outlining a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Joint Venture
In the SBA Mentor-Protégé Program...
Limited Partnership
A business organization with one or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Protégé
A firm in a developmental stage that...
NAICS
NAICS codes are common...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Current Assets
A balance sheet item which equals...
Operating Leases
are deducted on the company’s...
Full and Open Competition
With respect to a contract action...
Companion File
When an applicant has another application filed...
SCORE
Counselors to America's Small Bus...
Contract
A mutually binding legal rel..

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.