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.
Hardship Waiver
Method used to approve a...
Partnering
A mutually beneficial business-to-bus...
Current Liabilities
A balance sheet item, which...
Credit Elsewhere Test (CET)
The test to determine the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Normal Gross Margin
The margin that would have been...
Full and Open Competition
With respect to a contract action...
Limited Partnership
A business organization with one or...
Guarantor
The legal entity and...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Assets
The amount of current assets that is left...
Injury Analysis
Measures the effects of...
Duplicated Interest
The amount of interest exp...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Affiliated Group
When two or more...

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