Glossary · People and paperwork
Contracting officer
In short
This is the government official authorized to enter into, administer, and terminate contracts on behalf of the government. They are key if the business has government contracts.
What it means in a deal
When dealing with government contracts, the contracting officer is the person who must acknowledge an assignment of claims under FACA. Your lender will need to communicate directly with this officer to ensure the assignment is properly recorded, securing the loan's collateral.
Related terms
Common questions about Contracting officer
- What is the role of an SBA Business Development Officer (BDO) in my loan process?
- What specific factors trigger affiliation for size standards based on common management, officers, or directors?
- How are common officers or shared key employees between businesses evaluated for affiliation under SBA size standards?
- Beyond common officers/directors, how does a lender assess affiliation through "shared key employee functions" for SBA size standards?
- What specific scenarios involving shared directors, officers, or key employees constitute 'common management' triggering affiliation for SBA size determination?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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