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.
Current Liabilities
A balance sheet item, which...
Lien
A legal claim against an...
Subcontract
A contract between a prime cont...
Liabilities
A financial obligation...
Fair and Reasonable Price
A price that is fair to both parties...
Contracting Officer
A person with the authority to...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Days Receivable
A measure of the average time a...
Normal Annual Sales
Those sales that would have...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Guarantor
The legal entity and...
Income Statement
Shows the entity’s income and...
Corporation (C-corp.)
The most common form of business org...
Full and Open Competition
With respect to a contract action...

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