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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Operating Leases
are deducted on the company’s...
Certified 8(a) Firm
A firm owned and operated by socially and...
Corporation (C-corp.)
The most common form of business org...
Subcontract
A contract between a prime cont...
Credit Elsewhere Test (CET)
The test to determine the...
Capital Leases
are for the purchase of fixed assets such as...
Affiliate
Business concerns are affiliates if one concern...
NAICS
NAICS codes are common...
Injury Analysis
Measures the effects of...
Cash Flow Test
Part of the CET that determines if...
Physical Loans
Funds to repair/replace dis...
Lien
A legal claim against an...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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