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.
Credit Score Test
Part of the home loan CET show a...
Small Disadvantaged Business Concern
A small business concern that...
Limited Partnership
A business organization with one or...
Contracting Officer
A person with the authority to...
Applicant Entity
The business entity requesting...
Lien
A legal claim against an...
Adjusted Net Worth
Post disaster fair market value of tangible...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contract
A mutually binding legal rel..
Break-even Analysis
A calculation of the approximate sales...
Equity
An accounting term used to...
Applicant/Co-Applicant
Business entity and person requesting...
Collateral
Assets pledged by a borrower to secure a loan...
Trend Analysis
A comparative analysis of...
Request for Proposal (RFP)
A document outlining a...

Get the quick rundown on SBA Loans

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