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.
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Applicant Entity
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Guarantor
The legal entity and...
Joint Venture
In the SBA Mentor-Protégé Program...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Comparative Analysis
Is designed to point out significant trends that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Current Liabilities
A balance sheet item, which...
Certified 8(a) Firm
A firm owned and operated by socially and...

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