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.
Guarantor
The legal entity and...
Partnership
A type of unincorporated business org...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Sole Proprietor
an individual who...
Duplicated Interest
The amount of interest exp...
Acquisition
The acquiring of supplies or...
Joint Venture
In the SBA Mentor-Protégé Program...
Full and Open Competition
With respect to a contract action...
Certified 8(a) Firm
A firm owned and operated by socially and...
Affiliate
Business concerns are affiliates if one concern...
Current Liabilities
A balance sheet item, which...
Credit Score Test
Part of the home loan CET show a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Trend Analysis
A comparative analysis of...
NAICS
NAICS codes are common...

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