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 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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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.
Subsidiary
A company for which a majority of the...
Primary Activity
The major business activity of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Mentor
A business, usually large, or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Phase 2
Process to be used to determine economic injury for...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
S-Corporation
A form of corporation, allowed by...
Contracting Officer
A person with the authority to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Affiliates
Business concerns, organizations, or...
Current Assets
A balance sheet item which equals...
Contract
A mutually binding legal rel..
Full and Open Competition
With respect to a contract action...

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