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.
Physical Loans
Funds to repair/replace dis...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliated Group
When two or more...
Current Liabilities
A balance sheet item, which...
Partnering
A mutually beneficial business-to-bus...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certified 8(a) Firm
A firm owned and operated by socially and...
Business Activity
The business (or loss) activity of...
Liabilities
A financial obligation...
Phase 1
Process used to determine the...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Duplicated Interest
The amount of interest exp...
Days Payable
A measure of the average time a...
GPM%
The measure of every sales dollar left...
Negotiation
Contracting through the use of...

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