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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Working Capital (WC)
The amount of current assets that...
Applicant Individual
aka who is requesting an SBA loan...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Contract
A mutually binding legal rel..
Best and Final Offer
For negotiated procurements...
Injury Analysis
Measures the effects of...
Operating Leases
are deducted on the company’s...
S-Corporation
A form of corporation, allowed by...
Corporation (C-corp.)
The most common form of business org...
Liabilities
A financial obligation...
SCORE
Counselors to America's Small Bus...
Amortization
A non-cash operating expense that...
Normal Annual Sales
Those sales that would have...

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