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.
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Standard Industrial Classification (SIC) Code
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S-Corporation
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Days Receivable
A measure of the average time a...
Contractor Team Arrangement
An arrangement in which...
Contracting
Purchasing, renting, leasing, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Comparative Analysis
Is designed to point out significant trends that...
Business Activity
The business (or loss) activity of...
Mentor
A business, usually large, or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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