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.
Equity
An accounting term used to...
Subsidiary
A company for which a majority of the...
Collateral
Assets pledged by a borrower to secure a loan...
Trend Analysis
A comparative analysis of...
Depreciation
A non-cash operating expense that...
Contracting Officer
A person with the authority to...
Comparative Analysis
Is designed to point out significant trends that...
Subcontract
A contract between a prime cont...
Operating Leases
are deducted on the company’s...
Full and Open Competition
With respect to a contract action...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Certificate of Competency
A certificate issued by the Small Bus...
Hardship Waiver
Method used to approve a...
Applicant Individual
aka who is requesting an SBA loan...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.