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 Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Normal Annual Sales
Those sales that would have...
Affiliates
Business concerns, organizations, or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Phase 2
Process to be used to determine economic injury for...
Credit Elsewhere Test (CET)
The test to determine the...
Days Receivable
A measure of the average time a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Principal
the owner(s) of the Applicant Entity that...
Intermediary Organization
Organizations that play a funda...
Cash-basis Accounting
records revenue when cash is...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Joint Venture
In the SBA Mentor-Protégé Program...
Mentor
A business, usually large, or...
Corporation (C-corp.)
The most common form of business org...
Days Payable
A measure of the average time a...

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