Contracting Officer

A person with the authority to enter into, administer, and/or terminate contracts and make related determinations and findings.

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.
Principal
the owner(s) of the Applicant Entity that...
Contractor Team Arrangement
An arrangement in which...
Phase 1
Process used to determine the...
Affiliates
Business concerns, organizations, or...
Business Activity
The business (or loss) activity of...
Companion File
When an applicant has another application filed...
Credit Score Test
Part of the home loan CET show a...
Electronic Data Interchange
Transmission of information bet...
Negotiation
Contracting through the use of...
Equity
An accounting term used to...
Phase 2
Process to be used to determine economic injury for...
Small Disadvantaged Business Concern
A small business concern that...
Best and Final Offer
For negotiated procurements...
Physical Loans
Funds to repair/replace dis...
Duplicated Interest
The amount of interest exp...

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