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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Fair and Reasonable Price
A price that is fair to both parties...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Phase 2
Process to be used to determine economic injury for...
Primary Activity
The major business activity of...
Comparative Analysis
Is designed to point out significant trends that...
Current Liabilities
A balance sheet item, which...
GPM%
The measure of every sales dollar left...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Principal
the owner(s) of the Applicant Entity that...
Corporation (C-corp.)
The most common form of business org...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Affiliated Group
When two or more...
Normal Annual Sales
Those sales that would have...
Applicant Entity
The business entity requesting...

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