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 Microloans

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Phase 1
Process used to determine the...
Working Capital (WC)
The amount of current assets that...
Business Activity
The business (or loss) activity of...
B/E (Business EIDL) Loan
A business loan that...
Phase 2
Process to be used to determine economic injury for...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
S-Corporation
A form of corporation, allowed by...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Capital Leases
are for the purchase of fixed assets such as...
Request for Proposal (RFP)
A document outlining a...
Corporation (C-corp.)
The most common form of business org...
Best and Final Offer
For negotiated procurements...
Subcontract
A contract between a prime cont...
Full and Open Competition
With respect to a contract action...
Collateral
Assets pledged by a borrower to secure a loan...

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