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.
Amortization
A non-cash operating expense that...
Assets
The amount of current assets that is left...
Duplicated Interest
The amount of interest exp...
Cash Flow Test
Part of the CET that determines if...
Small Business
A business smaller than...
Projection
An estimate of future economic or...
Certificate of Competency
A certificate issued by the Small Bus...
Principal
the owner(s) of the Applicant Entity that...
Credit Score Test
Part of the home loan CET show a...
Prime Contract
A contract awarded directly...
Defense Contractor
Any person who enters into...
Operating Leases
are deducted on the company’s...
Lien
A legal claim against an...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Normal Annual Sales
Those sales that would have...

Get the quick rundown on SBA Loans

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