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

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.
Capital Leases
are for the purchase of fixed assets such as...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Request for Proposal (RFP)
A document outlining a...
Working Capital (WC)
The amount of current assets that...
Liabilities
A financial obligation...
Duplicated Interest
The amount of interest exp...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Credit Elsewhere Test (CET)
The test to determine the...
NAICS
NAICS codes are common...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Comparative Analysis
Is designed to point out significant trends that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Phase 1
Process used to determine the...
Normal Gross Margin
The margin that would have been...
Subsidiary
A company for which a majority of the...

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