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.
Prime Contract
A contract awarded directly...
Injury Analysis
Measures the effects of...
Credit Elsewhere Test (CET)
The test to determine the...
Phase 1
Process used to determine the...
Current Liabilities
A balance sheet item, which...
Cash-basis Accounting
records revenue when cash is...
Negotiation
Contracting through the use of...
Substantial Damage
This means uninsured or otherwise uncompensated...
Certificate of Competency
A certificate issued by the Small Bus...
Equity
An accounting term used to...
Intermediary Organization
Organizations that play a funda...
Defense Contractor
Any person who enters into...
Affiliated Group
When two or more...
Full and Open Competition
With respect to a contract action...
Contracting Officer
A person with the authority to...

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