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.
Break-even Analysis
A calculation of the approximate sales...
Contracting
Purchasing, renting, leasing, or...
Normal Annual Sales
Those sales that would have...
Days Payable
A measure of the average time a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Credit Score Test
Part of the home loan CET show a...
Cash Flow Test
Part of the CET that determines if...
Normal Gross Margin
The margin that would have been...
Mentor
A business, usually large, or...
Credit Elsewhere Test (CET)
The test to determine the...
Fair and Reasonable Price
A price that is fair to both parties...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Certified 8(a) Firm
A firm owned and operated by socially and...
Full and Open Competition
With respect to a contract action...

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