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.
Applicant Entity
The business entity requesting...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Sole Proprietor
an individual who...
Contractor Team Arrangement
An arrangement in which...
NAICS
NAICS codes are common...
Working Capital (WC)
The amount of current assets that...
Small Business
A business smaller than...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Limited Partnership
A business organization with one or...
GPM%
The measure of every sales dollar left...
Equity
An accounting term used to...
Injury Period
The time period during...
Protégé
A firm in a developmental stage that...
Liabilities
A financial obligation...

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