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.
SCORE
Counselors to America's Small Bus...
NAICS
NAICS codes are common...
Assets
The amount of current assets that is left...
Electronic Data Interchange
Transmission of information bet...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Guarantor
The legal entity and...
S-Corporation
A form of corporation, allowed by...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Break-even Analysis
A calculation of the approximate sales...
Current Assets
A balance sheet item which equals...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Partnering
A mutually beneficial business-to-bus...
Business Activity
The business (or loss) activity of...
Affiliate
Business concerns are affiliates if one concern...
Acquisition
The acquiring of supplies or...

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