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.
Credit Score Test
Part of the home loan CET show a...
Comparative Analysis
Is designed to point out significant trends that...
Operating Leases
are deducted on the company’s...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash Flow Test
Part of the CET that determines if...
Days Payable
A measure of the average time a...
Prime Contract
A contract awarded directly...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
B/E (Business EIDL) Loan
A business loan that...
Small Business
A business smaller than...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Income Statement
Shows the entity’s income and...
Liabilities
A financial obligation...
Request for Proposal (RFP)
A document outlining a...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.