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.
Contracting Officer
A person with the authority to...
Subsidiary
A company for which a majority of the...
Contract
A mutually binding legal rel..
Small Business
A business smaller than...
Applicant Entity
The business entity requesting...
Extraordinary Items
Additional expenses that are...
Current Liabilities
A balance sheet item, which...
Standard Industrial Classification (SIC) Code
A code representing a category within...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Emerging Small Business
A small business concern whose...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Days Payable
A measure of the average time a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Certificate of Competency
A certificate issued by the Small Bus...

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