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.
Hardship Waiver
Method used to approve a...
Injury Period
The time period during...
Cash-basis Accounting
records revenue when cash is...
Partnering
A mutually beneficial business-to-bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Limited Partnership
A business organization with one or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Contractor Team Arrangement
An arrangement in which...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Acquisition
The acquiring of supplies or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Companion File
When an applicant has another application filed...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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