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.
Normal Annual Sales
Those sales that would have...
Emerging Small Business
A small business concern whose...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Guarantor
The legal entity and...
Contractor Team Arrangement
An arrangement in which...
Sole Proprietor
an individual who...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Trend Analysis
A comparative analysis of...
Cash-basis Accounting
records revenue when cash is...
Phase 1
Process used to determine the...
Affiliated Group
When two or more...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Liabilities
A financial obligation...
Comparative Analysis
Is designed to point out significant trends that...
Lien
A legal claim against an...

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