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.
Prime Contract
A contract awarded directly...
Full and Open Competition
With respect to a contract action...
Small Disadvantaged Business Concern
A small business concern that...
Affiliate
Business concerns are affiliates if one concern...
Break-even Analysis
A calculation of the approximate sales...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Certified 8(a) Firm
A firm owned and operated by socially and...
Assets
The amount of current assets that is left...
Applicant/Co-Applicant
Business entity and person requesting...
Days Payable
A measure of the average time a...
Contracting Officer
A person with the authority to...
Emerging Small Business
A small business concern whose...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Depreciation
A non-cash operating expense that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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