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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Partnership
A type of unincorporated business org...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash Flow Test
Part of the CET that determines if...
Operating Leases
are deducted on the company’s...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Applicant/Co-Applicant
Business entity and person requesting...
Current Assets
A balance sheet item which equals...
Fair and Reasonable Price
A price that is fair to both parties...
Days Payable
A measure of the average time a...
Subsidiary
A company for which a majority of the...
Business Activity
The business (or loss) activity of...
Subcontract
A contract between a prime cont...
Duplicated Interest
The amount of interest exp...
Full and Open Competition
With respect to a contract action...

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