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.
S-Corporation
A form of corporation, allowed by...
Defense Contractor
Any person who enters into...
Full and Open Competition
With respect to a contract action...
Small Business
A business smaller than...
Emerging Small Business
A small business concern whose...
GPM%
The measure of every sales dollar left...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Guarantor
The legal entity and...
Working Capital (WC)
The amount of current assets that...
Operating Leases
are deducted on the company’s...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Certificate of Competency
A certificate issued by the Small Bus...
Duplicated Interest
The amount of interest exp...
Equity
An accounting term used to...
Electronic Data Interchange
Transmission of information bet...

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