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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Contracting Officer
A person with the authority to...
Request for Proposal (RFP)
A document outlining a...
Operating Leases
are deducted on the company’s...
Capital Leases
are for the purchase of fixed assets such as...
S-Corporation
A form of corporation, allowed by...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Negotiation
Contracting through the use of...
Affiliates
Business concerns, organizations, or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Intermediary Organization
Organizations that play a funda...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Break-even Analysis
A calculation of the approximate sales...
Current Assets
A balance sheet item which equals...

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