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...
Comparative Analysis
Is designed to point out significant trends that...
Physical Loans
Funds to repair/replace dis...
Primary Activity
The major business activity of...
Current Liabilities
A balance sheet item, which...
Injury Period
The time period during...
SCORE
Counselors to America's Small Bus...
S-Corporation
A form of corporation, allowed by...
Lien
A legal claim against an...
Electronic Data Interchange
Transmission of information bet...
Corporation (C-corp.)
The most common form of business org...
Affiliate
Business concerns are affiliates if one concern...
Current Assets
A balance sheet item which equals...
Request for Proposal (RFP)
A document outlining a...
B/E (Business EIDL) Loan
A business loan that...

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