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.
Companion File
When an applicant has another application filed...
Projection
An estimate of future economic or...
Contracting
Purchasing, renting, leasing, or...
Phase 2
Process to be used to determine economic injury for...
Partnering
A mutually beneficial business-to-bus...
Subcontract
A contract between a prime cont...
Cash Flow Test
Part of the CET that determines if...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
SCORE
Counselors to America's Small Bus...
Primary Activity
The major business activity of...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Applicant Individual
aka who is requesting an SBA loan...
Physical Loans
Funds to repair/replace dis...
Liabilities
A financial obligation...
Standard Industrial Classification (SIC) Code
A code representing a category within...

Get the quick rundown on SBA Loans

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