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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Affiliate
Business concerns are affiliates if one concern...
Current Liabilities
A balance sheet item, which...
Contracting
Purchasing, renting, leasing, or...
Hardship Waiver
Method used to approve a...
Subsidiary
A company for which a majority of the...
Normal Annual Sales
Those sales that would have...
Trend Analysis
A comparative analysis of...
Prime Contract
A contract awarded directly...
Physical Loans
Funds to repair/replace dis...
B/E (Business EIDL) Loan
A business loan that...
Projection
An estimate of future economic or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Adjusted Net Worth
Post disaster fair market value of tangible...
Full and Open Competition
With respect to a contract action...
Break-even Analysis
A calculation of the approximate sales...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.