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 Microloans

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Capital Leases
are for the purchase of fixed assets such as...
Principal
the owner(s) of the Applicant Entity that...
S-Corporation
A form of corporation, allowed by...
Certificate of Competency
A certificate issued by the Small Bus...
Equity
An accounting term used to...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
SCORE
Counselors to America's Small Bus...
Liabilities
A financial obligation...
Contract
A mutually binding legal rel..
Credit Score Test
Part of the home loan CET show a...
Acquisition
The acquiring of supplies or...
Full and Open Competition
With respect to a contract action...
Affiliate
Business concerns are affiliates if one concern...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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