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.
Primary Activity
The major business activity of...
Current Assets
A balance sheet item which equals...
Mentor
A business, usually large, or...
Intermediary Organization
Organizations that play a funda...
B/E (Business EIDL) Loan
A business loan that...
Affiliate
Business concerns are affiliates if one concern...
Full and Open Competition
With respect to a contract action...
Affiliates
Business concerns, organizations, or...
Assets
The amount of current assets that is left...
Sole Proprietor
an individual who...
Duplicated Interest
The amount of interest exp...
Phase 1
Process used to determine the...
Lien
A legal claim against an...
Working Capital (WC)
The amount of current assets that...
Subsidiary
A company for which a majority of the...

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