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.
Cash Flow Test
Part of the CET that determines if...
Negotiation
Contracting through the use of...
Applicant Individual
aka who is requesting an SBA loan...
Electronic Data Interchange
Transmission of information bet...
Break-even Analysis
A calculation of the approximate sales...
Emerging Small Business
A small business concern whose...
Contract
A mutually binding legal rel..
Phase 2
Process to be used to determine economic injury for...
Applicant/Co-Applicant
Business entity and person requesting...
Acquisition
The acquiring of supplies or...
Affiliated Group
When two or more...
Working Capital (WC)
The amount of current assets that...
Request for Proposal (RFP)
A document outlining a...
Companion File
When an applicant has another application filed...
Duplicated Interest
The amount of interest exp...

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