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

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.
Guarantor
The legal entity and...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Credit Elsewhere Test (CET)
The test to determine the...
Business Activity
The business (or loss) activity of...
GPM%
The measure of every sales dollar left...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Applicant Entity
The business entity requesting...
Contracting
Purchasing, renting, leasing, or...
Request for Proposal (RFP)
A document outlining a...
Applicant/Co-Applicant
Business entity and person requesting...
Prime Contract
A contract awarded directly...
Trend Analysis
A comparative analysis of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Normal Annual Sales
Those sales that would have...

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