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.
Full and Open Competition
With respect to a contract action...
Mentor
A business, usually large, or...
Small Disadvantaged Business Concern
A small business concern that...
Days Receivable
A measure of the average time a...
Credit Score Test
Part of the home loan CET show a...
Sole Proprietor
an individual who...
Subsidiary
A company for which a majority of the...
Break-even Analysis
A calculation of the approximate sales...
Affiliated Group
When two or more...
Affiliate
Business concerns are affiliates if one concern...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Subcontract
A contract between a prime cont...
Normal Annual Sales
Those sales that would have...
B/E (Business EIDL) Loan
A business loan that...

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