Best and Final Offer

For negotiated procurements, a contractor's final offer following the conclusion of discussions.

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...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant/Co-Applicant
Business entity and person requesting...
Normal Gross Margin
The margin that would have been...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Extraordinary Items
Additional expenses that are...
Lien
A legal claim against an...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contracting
Purchasing, renting, leasing, or...
Phase 1
Process used to determine the...
Intermediary Organization
Organizations that play a funda...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Credit Score Test
Part of the home loan CET show a...
Current Assets
A balance sheet item which equals...
Capital Leases
are for the purchase of fixed assets such as...

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