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.
Credit Score Test
Part of the home loan CET show a...
Negotiation
Contracting through the use of...
Intermediary Organization
Organizations that play a funda...
Equity
An accounting term used to...
Subsidiary
A company for which a majority of the...
B/E (Business EIDL) Loan
A business loan that...
Comparative Analysis
Is designed to point out significant trends that...
Request for Proposal (RFP)
A document outlining a...
Companion File
When an applicant has another application filed...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Substantial Damage
This means uninsured or otherwise uncompensated...
Partnership
A type of unincorporated business org...
Partnering
A mutually beneficial business-to-bus...
Fair and Reasonable Price
A price that is fair to both parties...
Collateral
Assets pledged by a borrower to secure a loan...

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