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 Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Principal
the owner(s) of the Applicant Entity that...
Normal Annual Sales
Those sales that would have...
Days Payable
A measure of the average time a...
Projection
An estimate of future economic or...
Affiliate
Business concerns are affiliates if one concern...
Phase 2
Process to be used to determine economic injury for...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Guarantor
The legal entity and...
Substantial Damage
This means uninsured or otherwise uncompensated...
Amortization
A non-cash operating expense that...
Intermediary Organization
Organizations that play a funda...
Hardship Waiver
Method used to approve a...
Primary Activity
The major business activity of...
Subsidiary
A company for which a majority of the...
Subcontract
A contract between a prime cont...

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