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.
S-Corporation
A form of corporation, allowed by...
Applicant Entity
The business entity requesting...
Small Disadvantaged Business Concern
A small business concern that...
Contracting
Purchasing, renting, leasing, or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Period
The time period during...
Full and Open Competition
With respect to a contract action...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Applicant/Co-Applicant
Business entity and person requesting...
Intermediary Organization
Organizations that play a funda...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Lien
A legal claim against an...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Working Capital (WC)
The amount of current assets that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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