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

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Defense Contractor
Any person who enters into...
Certificate of Competency
A certificate issued by the Small Bus...
Affiliated Group
When two or more...
Fair and Reasonable Price
A price that is fair to both parties...
Contracting Officer
A person with the authority to...
Applicant Entity
The business entity requesting...
Companion File
When an applicant has another application filed...
Cash Flow Test
Part of the CET that determines if...
Intermediary Organization
Organizations that play a funda...
Limited Partnership
A business organization with one or...
Physical Loans
Funds to repair/replace dis...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Request for Proposal (RFP)
A document outlining a...
Assets
The amount of current assets that is left...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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