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.
Income Statement
Shows the entity’s income and...
Substantial Damage
This means uninsured or otherwise uncompensated...
Credit Elsewhere Test (CET)
The test to determine the...
Adjusted Net Worth
Post disaster fair market value of tangible...
Guarantor
The legal entity and...
Emerging Small Business
A small business concern whose...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Primary Activity
The major business activity of...
SCORE
Counselors to America's Small Bus...
Corporation (C-corp.)
The most common form of business org...
Equity
An accounting term used to...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Days Receivable
A measure of the average time a...

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