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.
Limited Partnership
A business organization with one or...
Cash Flow Test
Part of the CET that determines if...
Subcontract
A contract between a prime cont...
Corporation (C-corp.)
The most common form of business org...
Injury Period
The time period during...
Break-even Analysis
A calculation of the approximate sales...
Adjusted Net Worth
Post disaster fair market value of tangible...
Affiliate
Business concerns are affiliates if one concern...
Capital Leases
are for the purchase of fixed assets such as...
Credit Elsewhere Test (CET)
The test to determine the...
Partnering
A mutually beneficial business-to-bus...
NAICS
NAICS codes are common...
Hardship Waiver
Method used to approve a...
Depreciation
A non-cash operating expense that...
Partnership
A type of unincorporated business org...

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