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.
Depreciation
A non-cash operating expense that...
Acquisition
The acquiring of supplies or...
Injury Period
The time period during...
Current Assets
A balance sheet item which equals...
Sole Proprietor
an individual who...
Cash Flow Test
Part of the CET that determines if...
Normal Gross Margin
The margin that would have been...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Guarantor
The legal entity and...
Corporation (C-corp.)
The most common form of business org...
Days Payable
A measure of the average time a...
Days Receivable
A measure of the average time a...
Collateral
Assets pledged by a borrower to secure a loan...

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