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.
Business Activity
The business (or loss) activity of...
Depreciation
A non-cash operating expense that...
Applicant Individual
aka who is requesting an SBA loan...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Operating Leases
are deducted on the company’s...
Break-even Analysis
A calculation of the approximate sales...
Sole Proprietor
an individual who...
Equity
An accounting term used to...
Small Disadvantaged Business Concern
A small business concern that...
Phase 1
Process used to determine the...
Electronic Data Interchange
Transmission of information bet...
Acquisition
The acquiring of supplies or...
Subcontract
A contract between a prime cont...
Contracting
Purchasing, renting, leasing, or...
Primary Activity
The major business activity of...

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