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 Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Days Payable
A measure of the average time a...
Mentor
A business, usually large, or...
Contractor Team Arrangement
An arrangement in which...
Prime Contract
A contract awarded directly...
Collateral
Assets pledged by a borrower to secure a loan...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Days Receivable
A measure of the average time a...
Electronic Data Interchange
Transmission of information bet...
Substantial Damage
This means uninsured or otherwise uncompensated...
Amortization
A non-cash operating expense that...
Subcontract
A contract between a prime cont...
Equity
An accounting term used to...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Injury Period
The time period during...
Hardship Waiver
Method used to approve a...

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