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.
Standard Industrial Classification (SIC) Code
A code representing a category within...
Mentor
A business, usually large, or...
Small Disadvantaged Business Concern
A small business concern that...
Comparative Analysis
Is designed to point out significant trends that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Operating Leases
are deducted on the company’s...
Capital Leases
are for the purchase of fixed assets such as...
SCORE
Counselors to America's Small Bus...
Corporation (C-corp.)
The most common form of business org...
Depreciation
A non-cash operating expense that...
Trend Analysis
A comparative analysis of...
Affiliates
Business concerns, organizations, or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Credit Elsewhere Test (CET)
The test to determine the...
Negotiation
Contracting through the use of...

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