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

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.
Contractor Team Arrangement
An arrangement in which...
Fair and Reasonable Price
A price that is fair to both parties...
Partnering
A mutually beneficial business-to-bus...
Hardship Waiver
Method used to approve a...
Assets
The amount of current assets that is left...
Phase 2
Process to be used to determine economic injury for...
Acquisition
The acquiring of supplies or...
Guarantor
The legal entity and...
Equity
An accounting term used to...
Sole Proprietor
an individual who...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Adjusted Net Worth
Post disaster fair market value of tangible...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Current Liabilities
A balance sheet item, which...
Affiliated Group
When two or more...

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