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.
Comparative Analysis
Is designed to point out significant trends that...
Small Business
A business smaller than...
Corporation (C-corp.)
The most common form of business org...
Phase 2
Process to be used to determine economic injury for...
Sole Proprietor
an individual who...
Credit Score Test
Part of the home loan CET show a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contracting Officer
A person with the authority to...
Partnership
A type of unincorporated business org...
Intermediary Organization
Organizations that play a funda...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Depreciation
A non-cash operating expense that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Current Liabilities
A balance sheet item, which...
Normal Annual Sales
Those sales that would have...

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