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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Fair and Reasonable Price
A price that is fair to both parties...
Current Assets
A balance sheet item which equals...
Best and Final Offer
For negotiated procurements...
Injury Analysis
Measures the effects of...
Days Payable
A measure of the average time a...
Amortization
A non-cash operating expense that...
Small Business
A business smaller than...
Small Disadvantaged Business Concern
A small business concern that...
Partnering
A mutually beneficial business-to-bus...
Normal Gross Margin
The margin that would have been...
Applicant/Co-Applicant
Business entity and person requesting...
NAICS
NAICS codes are common...
Applicant Individual
aka who is requesting an SBA loan...
Duplicated Interest
The amount of interest exp...

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