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.
Equity
An accounting term used to...
Corporation (C-corp.)
The most common form of business org...
Contract
A mutually binding legal rel..
Mentor
A business, usually large, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Lien
A legal claim against an...
Subsidiary
A company for which a majority of the...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Trend Analysis
A comparative analysis of...
Partnering
A mutually beneficial business-to-bus...
Phase 1
Process used to determine the...
Certified 8(a) Firm
A firm owned and operated by socially and...
Intermediary Organization
Organizations that play a funda...
Credit Score Test
Part of the home loan CET show a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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