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 Individual
aka who is requesting an SBA loan...
Contracting Officer
A person with the authority to...
Emerging Small Business
A small business concern whose...
Extraordinary Items
Additional expenses that are...
Credit Score Test
Part of the home loan CET show a...
Amortization
A non-cash operating expense that...
Trend Analysis
A comparative analysis of...
Request for Proposal (RFP)
A document outlining a...
Duplicated Interest
The amount of interest exp...
Injury Period
The time period during...
Prime Contract
A contract awarded directly...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Applicant/Co-Applicant
Business entity and person requesting...
Certified 8(a) Firm
A firm owned and operated by socially and...
Partnership
A type of unincorporated business org...

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