Glossary
SBA Terms

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
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Small Disadvantaged Business Concern
A small business concern that...
Prime Contract
A contract awarded directly...
Comparative Analysis
Is designed to point out significant trends that...
Contract
A mutually binding legal rel..
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Small Business
A business smaller than...
Intermediary Organization
Organizations that play a funda...
Principal
the owner(s) of the Applicant Entity that...
Affiliate
Business concerns are affiliates if one concern...
Amortization
A non-cash operating expense that...
S-Corporation
A form of corporation, allowed by...
Current Liabilities
A balance sheet item, which...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Liabilities
A financial obligation...

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