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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Protégé
A firm in a developmental stage that...
B/E (Business EIDL) Loan
A business loan that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Primary Activity
The major business activity of...
Contractor Team Arrangement
An arrangement in which...
Subcontract
A contract between a prime cont...
Negotiation
Contracting through the use of...
Trend Analysis
A comparative analysis of...
Affiliated Group
When two or more...
Certified 8(a) Firm
A firm owned and operated by socially and...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Prime Contract
A contract awarded directly...
Break-even Analysis
A calculation of the approximate sales...

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