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 Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Assets
The amount of current assets that is left...
Business Activity
The business (or loss) activity of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contracting Officer
A person with the authority to...
Injury Period
The time period during...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Income Statement
Shows the entity’s income and...
Comparative Analysis
Is designed to point out significant trends that...
Liabilities
A financial obligation...
Amortization
A non-cash operating expense that...
Principal
the owner(s) of the Applicant Entity that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Certificate of Competency
A certificate issued by the Small Bus...
Small Disadvantaged Business Concern
A small business concern that...

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