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.
Affiliates
Business concerns, organizations, or...
Contract
A mutually binding legal rel..
Credit Elsewhere Test (CET)
The test to determine the...
Limited Partnership
A business organization with one or...
Liabilities
A financial obligation...
Working Capital (WC)
The amount of current assets that...
Acquisition
The acquiring of supplies or...
Income Statement
Shows the entity’s income and...
Electronic Data Interchange
Transmission of information bet...
Injury Period
The time period during...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Fair and Reasonable Price
A price that is fair to both parties...
Normal Annual Sales
Those sales that would have...
Emerging Small Business
A small business concern whose...

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