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.
Amortization
A non-cash operating expense that...
Small Disadvantaged Business Concern
A small business concern that...
Projection
An estimate of future economic or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Cash-basis Accounting
records revenue when cash is...
Contracting Officer
A person with the authority to...
Intermediary Organization
Organizations that play a funda...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Break-even Analysis
A calculation of the approximate sales...
Capital Leases
are for the purchase of fixed assets such as...
Partnership
A type of unincorporated business org...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Equity
An accounting term used to...
Mentor
A business, usually large, or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.