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.
Collateral
Assets pledged by a borrower to secure a loan...
Small Business
A business smaller than...
B/E (Business EIDL) Loan
A business loan that...
Business Activity
The business (or loss) activity of...
Income Statement
Shows the entity’s income and...
Emerging Small Business
A small business concern whose...
Sole Proprietor
an individual who...
Negotiation
Contracting through the use of...
Principal
the owner(s) of the Applicant Entity that...
Request for Proposal (RFP)
A document outlining a...
Applicant Entity
The business entity requesting...
Hardship Waiver
Method used to approve a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Applicant/Co-Applicant
Business entity and person requesting...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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