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.
Affiliate
Business concerns are affiliates if one concern...
Duplicated Interest
The amount of interest exp...
Normal Gross Margin
The margin that would have been...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Companion File
When an applicant has another application filed...
Substantial Damage
This means uninsured or otherwise uncompensated...
Depreciation
A non-cash operating expense that...
Injury Period
The time period during...
Fair and Reasonable Price
A price that is fair to both parties...
Defense Contractor
Any person who enters into...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
GPM%
The measure of every sales dollar left...
Days Payable
A measure of the average time a...
Primary Activity
The major business activity of...
Normal Annual Sales
Those sales that would have...

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