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.
SCORE
Counselors to America's Small Bus...
Injury Period
The time period during...
Days Receivable
A measure of the average time a...
Negotiation
Contracting through the use of...
Request for Proposal (RFP)
A document outlining a...
Principal
the owner(s) of the Applicant Entity that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Adjusted Net Worth
Post disaster fair market value of tangible...
Comparative Analysis
Is designed to point out significant trends that...
Certificate of Competency
A certificate issued by the Small Bus...
Income Statement
Shows the entity’s income and...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
B/E (Business EIDL) Loan
A business loan that...
Defense Contractor
Any person who enters into...
Electronic Data Interchange
Transmission of information bet...

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