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.
Income Statement
Shows the entity’s income and...
Days Receivable
A measure of the average time a...
Duplicated Interest
The amount of interest exp...
Equity
An accounting term used to...
Credit Score Test
Part of the home loan CET show a...
Mentor
A business, usually large, or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Cash-basis Accounting
records revenue when cash is...
Principal
the owner(s) of the Applicant Entity that...
Contracting Officer
A person with the authority to...
Defense Contractor
Any person who enters into...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
B/E (Business EIDL) Loan
A business loan that...
Guarantor
The legal entity and...

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