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.
Normal Annual Sales
Those sales that would have...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Depreciation
A non-cash operating expense that...
Applicant Entity
The business entity requesting...
Projection
An estimate of future economic or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Certificate of Competency
A certificate issued by the Small Bus...
Cash Flow Test
Part of the CET that determines if...
Days Receivable
A measure of the average time a...
Request for Proposal (RFP)
A document outlining a...
Contracting Officer
A person with the authority to...
Affiliated Group
When two or more...
Contracting
Purchasing, renting, leasing, or...
Capital Leases
are for the purchase of fixed assets such as...
Working Capital (WC)
The amount of current assets that...

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