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.
Normal Gross Margin
The margin that would have been...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Principal
the owner(s) of the Applicant Entity that...
Cash Flow Test
Part of the CET that determines if...
Duplicated Interest
The amount of interest exp...
Injury Analysis
Measures the effects of...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Request for Proposal (RFP)
A document outlining a...
Capital Leases
are for the purchase of fixed assets such as...
Contracting Officer
A person with the authority to...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Equity
An accounting term used to...
Injury Period
The time period during...

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