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.
Physical Loans
Funds to repair/replace dis...
Subsidiary
A company for which a majority of the...
Substantial Damage
This means uninsured or otherwise uncompensated...
Equity
An accounting term used to...
Fair and Reasonable Price
A price that is fair to both parties...
Business Activity
The business (or loss) activity of...
Capital Leases
are for the purchase of fixed assets such as...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Contracting Officer
A person with the authority to...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Electronic Data Interchange
Transmission of information bet...
Injury Analysis
Measures the effects of...
Credit Elsewhere Test (CET)
The test to determine the...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Amortization
A non-cash operating expense that...

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