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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Emerging Small Business
A small business concern whose...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Capital Leases
are for the purchase of fixed assets such as...
Companion File
When an applicant has another application filed...
Depreciation
A non-cash operating expense that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contracting
Purchasing, renting, leasing, or...
Duplicated Interest
The amount of interest exp...
Full and Open Competition
With respect to a contract action...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Acquisition
The acquiring of supplies or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Days Receivable
A measure of the average time a...

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