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.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Limited Partnership
A business organization with one or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Cash Flow Test
Part of the CET that determines if...
Trend Analysis
A comparative analysis of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Days Receivable
A measure of the average time a...
Small Disadvantaged Business Concern
A small business concern that...
Fair and Reasonable Price
A price that is fair to both parties...
Request for Proposal (RFP)
A document outlining a...
Acquisition
The acquiring of supplies or...
B/E (Business EIDL) Loan
A business loan that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Assets
The amount of current assets that is left...
Depreciation
A non-cash operating expense that...

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