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.
Break-even Analysis
A calculation of the approximate sales...
Certified 8(a) Firm
A firm owned and operated by socially and...
Best and Final Offer
For negotiated procurements...
Phase 1
Process used to determine the...
Duplicated Interest
The amount of interest exp...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Certificate of Competency
A certificate issued by the Small Bus...
Primary Activity
The major business activity of...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Hardship Waiver
Method used to approve a...
Intermediary Organization
Organizations that play a funda...

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