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.
Best and Final Offer
For negotiated procurements...
Contracting Officer
A person with the authority to...
Primary Activity
The major business activity of...
Days Payable
A measure of the average time a...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Injury Period
The time period during...
Phase 2
Process to be used to determine economic injury for...
Comparative Analysis
Is designed to point out significant trends that...
Affiliates
Business concerns, organizations, or...
Credit Elsewhere Test (CET)
The test to determine the...
Days Receivable
A measure of the average time a...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliated Group
When two or more...
Subsidiary
A company for which a majority of the...

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