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.
Best and Final Offer
For negotiated procurements...
Full and Open Competition
With respect to a contract action...
Injury Analysis
Measures the effects of...
GPM%
The measure of every sales dollar left...
Emerging Small Business
A small business concern whose...
Fair and Reasonable Price
A price that is fair to both parties...
Applicant Entity
The business entity requesting...
Credit Score Test
Part of the home loan CET show a...
Partnering
A mutually beneficial business-to-bus...
Small Disadvantaged Business Concern
A small business concern that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Lien
A legal claim against an...
Applicant/Co-Applicant
Business entity and person requesting...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Standard Industrial Classification (SIC) Code
A code representing a category within...

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