Best and Final Offer

For negotiated procurements, a contractor's final offer following the conclusion of discussions.

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.
Request for Proposal (RFP)
A document outlining a...
Guarantor
The legal entity and...
Primary Activity
The major business activity of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Credit Score Test
Part of the home loan CET show a...
Operating Leases
are deducted on the company’s...
Prime Contract
A contract awarded directly...
Assets
The amount of current assets that is left...
Contract
A mutually binding legal rel..
Mentor
A business, usually large, or...
Comparative Analysis
Is designed to point out significant trends that...
Normal Annual Sales
Those sales that would have...
Protégé
A firm in a developmental stage that...
Best and Final Offer
For negotiated procurements...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.