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 Innovative Research (SBIR) Contract
A type of contract designed to...
Partnering
A mutually beneficial business-to-bus...
Operating Leases
are deducted on the company’s...
Applicant Individual
aka who is requesting an SBA loan...
Affiliate
Business concerns are affiliates if one concern...
Companion File
When an applicant has another application filed...
GPM%
The measure of every sales dollar left...
Intermediary Organization
Organizations that play a funda...
Limited Partnership
A business organization with one or...
Contracting Officer
A person with the authority to...
Certificate of Competency
A certificate issued by the Small Bus...
Physical Loans
Funds to repair/replace dis...
Corporation (C-corp.)
The most common form of business org...
B/E (Business EIDL) Loan
A business loan that...
Contract
A mutually binding legal rel..

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