Negotiation

Contracting through the use of either competitive or other-than-competitive proposals and discussions. Any contract awarded without using sealed bidding procedures is a negotiated contract.

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.
Small Business
A business smaller than...
Applicant Individual
aka who is requesting an SBA loan...
Partnering
A mutually beneficial business-to-bus...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Business Activity
The business (or loss) activity of...
Defense Contractor
Any person who enters into...
GPM%
The measure of every sales dollar left...
Capital Leases
are for the purchase of fixed assets such as...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Normal Annual Sales
Those sales that would have...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Contractor Team Arrangement
An arrangement in which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Cash Flow Test
Part of the CET that determines if...
Cash-basis Accounting
records revenue when cash is...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.