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.
Applicant Entity
The business entity requesting...
Comparative Analysis
Is designed to point out significant trends that...
S-Corporation
A form of corporation, allowed by...
Liabilities
A financial obligation...
Request for Proposal (RFP)
A document outlining a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Trend Analysis
A comparative analysis of...
Affiliate
Business concerns are affiliates if one concern...
Mentor
A business, usually large, or...
Extraordinary Items
Additional expenses that are...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Acquisition
The acquiring of supplies or...
Income Statement
Shows the entity’s income and...
Days Receivable
A measure of the average time a...
Standard Industrial Classification (SIC) Code
A code representing a category within...

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