Contracting Officer

A person with the authority to enter into, administer, and/or terminate contracts and make related determinations and findings.

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.
Income Statement
Shows the entity’s income and...
Liabilities
A financial obligation...
Companion File
When an applicant has another application filed...
Partnership
A type of unincorporated business org...
Trend Analysis
A comparative analysis of...
Guarantor
The legal entity and...
Current Assets
A balance sheet item which equals...
Capital Leases
are for the purchase of fixed assets such as...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Business Activity
The business (or loss) activity of...
Contracting Officer
A person with the authority to...
Cash Flow Test
Part of the CET that determines if...
Subsidiary
A company for which a majority of the...
Working Capital (WC)
The amount of current assets that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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