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...
Comparative Analysis
Is designed to point out significant trends that...
Applicant Individual
aka who is requesting an SBA loan...
Normal Annual Sales
Those sales that would have...
Prime Contract
A contract awarded directly...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Electronic Data Interchange
Transmission of information bet...
Physical Loans
Funds to repair/replace dis...
Substantial Damage
This means uninsured or otherwise uncompensated...
Primary Activity
The major business activity of...
Subsidiary
A company for which a majority of the...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Operating Leases
are deducted on the company’s...
Mentor
A business, usually large, or...

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