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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Primary Activity
The major business activity of...
Days Payable
A measure of the average time a...
Cash Flow Test
Part of the CET that determines if...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
SCORE
Counselors to America's Small Bus...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Income Statement
Shows the entity’s income and...
Request for Proposal (RFP)
A document outlining a...
Liabilities
A financial obligation...
Corporation (C-corp.)
The most common form of business org...
Injury Period
The time period during...
Hardship Waiver
Method used to approve a...
Certificate of Competency
A certificate issued by the Small Bus...
S-Corporation
A form of corporation, allowed by...

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