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.
Prime Contract
A contract awarded directly...
Current Liabilities
A balance sheet item, which...
Subcontract
A contract between a prime cont...
Extraordinary Items
Additional expenses that are...
Projection
An estimate of future economic or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Capital Leases
are for the purchase of fixed assets such as...
Working Capital (WC)
The amount of current assets that...
Small Disadvantaged Business Concern
A small business concern that...
Contractor Team Arrangement
An arrangement in which...
Assets
The amount of current assets that is left...
Cash-basis Accounting
records revenue when cash is...
Applicant Individual
aka who is requesting an SBA loan...
Business Activity
The business (or loss) activity of...

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