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.
Duplicated Interest
The amount of interest exp...
Injury Period
The time period during...
Current Liabilities
A balance sheet item, which...
Phase 1
Process used to determine the...
Applicant Individual
aka who is requesting an SBA loan...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Projection
An estimate of future economic or...
Days Payable
A measure of the average time a...
Lien
A legal claim against an...
Principal
the owner(s) of the Applicant Entity that...
Prime Contract
A contract awarded directly...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Small Business
A business smaller than...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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