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.
Assets
The amount of current assets that is left...
Partnering
A mutually beneficial business-to-bus...
Negotiation
Contracting through the use of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
GPM%
The measure of every sales dollar left...
Days Payable
A measure of the average time a...
Current Liabilities
A balance sheet item, which...
Days Receivable
A measure of the average time a...
Acquisition
The acquiring of supplies or...
Injury Analysis
Measures the effects of...
Contracting Officer
A person with the authority to...
Protégé
A firm in a developmental stage that...
Primary Activity
The major business activity of...
Standard Industrial Classification (SIC) Code
A code representing a category within...

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