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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Break-even Analysis
A calculation of the approximate sales...
Negotiation
Contracting through the use of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Acquisition
The acquiring of supplies or...
Extraordinary Items
Additional expenses that are...
Assets
The amount of current assets that is left...
Normal Gross Margin
The margin that would have been...
Companion File
When an applicant has another application filed...
Affiliates
Business concerns, organizations, or...
Capital Leases
are for the purchase of fixed assets such as...
Affiliate
Business concerns are affiliates if one concern...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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