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.
Liabilities
A financial obligation...
Best and Final Offer
For negotiated procurements...
Applicant/Co-Applicant
Business entity and person requesting...
Cash Flow Test
Part of the CET that determines if...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Working Capital (WC)
The amount of current assets that...
Duplicated Interest
The amount of interest exp...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Electronic Data Interchange
Transmission of information bet...
Current Liabilities
A balance sheet item, which...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Primary Activity
The major business activity of...
Current Assets
A balance sheet item which equals...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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