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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Applicant/Co-Applicant
Business entity and person requesting...
Depreciation
A non-cash operating expense that...
Primary Activity
The major business activity of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Electronic Data Interchange
Transmission of information bet...
Full and Open Competition
With respect to a contract action...
Liabilities
A financial obligation...
Phase 2
Process to be used to determine economic injury for...
Principal
the owner(s) of the Applicant Entity that...
Affiliate
Business concerns are affiliates if one concern...
B/E (Business EIDL) Loan
A business loan that...
Comparative Analysis
Is designed to point out significant trends that...
Certificate of Competency
A certificate issued by the Small Bus...
Current Liabilities
A balance sheet item, which...

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