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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Liabilities
A financial obligation...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Operating Leases
are deducted on the company’s...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Affiliated Group
When two or more...
Collateral
Assets pledged by a borrower to secure a loan...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contracting Officer
A person with the authority to...
Subsidiary
A company for which a majority of the...
Negotiation
Contracting through the use of...
Business Activity
The business (or loss) activity of...
Current Assets
A balance sheet item which equals...
Joint Venture
In the SBA Mentor-Protégé Program...
Principal
the owner(s) of the Applicant Entity that...

Get the quick rundown on SBA Loans

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