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.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Prime Contract
A contract awarded directly...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Applicant Individual
aka who is requesting an SBA loan...
Depreciation
A non-cash operating expense that...
Amortization
A non-cash operating expense that...
Joint Venture
In the SBA Mentor-Protégé Program...
Partnership
A type of unincorporated business org...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Mentor
A business, usually large, or...
Limited Partnership
A business organization with one or...
Phase 1
Process used to determine the...
Affiliated Group
When two or more...
NAICS
NAICS codes are common...

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