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.
Small Business
A business smaller than...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Best and Final Offer
For negotiated procurements...
Fair and Reasonable Price
A price that is fair to both parties...
Certificate of Competency
A certificate issued by the Small Bus...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Cash Flow Test
Part of the CET that determines if...
Contracting
Purchasing, renting, leasing, or...
Mentor
A business, usually large, or...
Limited Partnership
A business organization with one or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Equity
An accounting term used to...
Current Liabilities
A balance sheet item, which...
NAICS
NAICS codes are common...
Cash-basis Accounting
records revenue when cash is...

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