Glossary
SBA Terms

Amortization

A non-cash operating expense that reduces the value of intangible assets (such as patents, trademarks or goodwill) in a systematic manner. Amortization is recorded in the financial statements of an entity as a reduction in the carrying value of the intangible asset in the balance sheet and as an expense in the income statement.

Updated on
September 9, 2022
Published on
June 20, 2018
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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 Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Companion File
When an applicant has another application filed...
Substantial Damage
This means uninsured or otherwise uncompensated...
Current Assets
A balance sheet item which equals...
Principal
the owner(s) of the Applicant Entity that...
Cash-basis Accounting
records revenue when cash is...
GPM%
The measure of every sales dollar left...
Normal Annual Sales
Those sales that would have...
Full and Open Competition
With respect to a contract action...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Normal Gross Margin
The margin that would have been...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Limited Partnership
A business organization with one or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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