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.
Contract
A mutually binding legal rel..
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Collateral
Assets pledged by a borrower to secure a loan...
Certificate of Competency
A certificate issued by the Small Bus...
Principal
the owner(s) of the Applicant Entity that...
B/E (Business EIDL) Loan
A business loan that...
Projection
An estimate of future economic or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Electronic Data Interchange
Transmission of information bet...
Equity
An accounting term used to...
NAICS
NAICS codes are common...
SCORE
Counselors to America's Small Bus...
Credit Elsewhere Test (CET)
The test to determine the...
Affiliated Group
When two or more...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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