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.
Normal Gross Margin
The margin that would have been...
Certified 8(a) Firm
A firm owned and operated by socially and...
Partnership
A type of unincorporated business org...
Contract
A mutually binding legal rel..
Liabilities
A financial obligation...
Affiliate
Business concerns are affiliates if one concern...
Acquisition
The acquiring of supplies or...
Injury Analysis
Measures the effects of...
Fair and Reasonable Price
A price that is fair to both parties...
Extraordinary Items
Additional expenses that are...
Joint Venture
In the SBA Mentor-Protégé Program...
Defense Contractor
Any person who enters into...
Adjusted Net Worth
Post disaster fair market value of tangible...
Days Payable
A measure of the average time a...
Substantial Damage
This means uninsured or otherwise uncompensated...

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