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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Acquisition
The acquiring of supplies or...
Income Statement
Shows the entity’s income and...
Normal Gross Margin
The margin that would have been...
B/E (Business EIDL) Loan
A business loan that...
Cash-basis Accounting
records revenue when cash is...
Electronic Data Interchange
Transmission of information bet...
Assets
The amount of current assets that is left...
Corporation (C-corp.)
The most common form of business org...
Injury Period
The time period during...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Hardship Waiver
Method used to approve a...
Contractor Team Arrangement
An arrangement in which...
Days Payable
A measure of the average time a...
Guarantor
The legal entity and...

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