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.
Partnering
A mutually beneficial business-to-bus...
Operating Leases
are deducted on the company’s...
Subsidiary
A company for which a majority of the...
Primary Activity
The major business activity of...
Income Statement
Shows the entity’s income and...
Injury Analysis
Measures the effects of...
Projection
An estimate of future economic or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Best and Final Offer
For negotiated procurements...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Normal Annual Sales
Those sales that would have...
Certificate of Competency
A certificate issued by the Small Bus...
Injury Period
The time period during...
B/E (Business EIDL) Loan
A business loan that...
Current Liabilities
A balance sheet item, which...

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