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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Phase 1
Process used to determine the...
Affiliated Group
When two or more...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Adjusted Net Worth
Post disaster fair market value of tangible...
Fair and Reasonable Price
A price that is fair to both parties...
Contractor Team Arrangement
An arrangement in which...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Affiliate
Business concerns are affiliates if one concern...
Projection
An estimate of future economic or...
Break-even Analysis
A calculation of the approximate sales...
Corporation (C-corp.)
The most common form of business org...
Business Activity
The business (or loss) activity of...
Days Payable
A measure of the average time a...
Substantial Damage
This means uninsured or otherwise uncompensated...

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