Source: SBA.gov

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

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.

Cash Flow Test

Part of the CET that determines if...

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Mentor

A business, usually large, or...

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Credit Score Test

Part of the home loan CET show a...

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Available Asset Test

Part of the CET that determines if an applicant(s) has...

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Guarantor

The legal entity and...

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Certificate of Competency

A certificate issued by the Small Bus...

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Corporation (C-corp.)

The most common form of business org...

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Best and Final Offer

For negotiated procurements...

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Subsidiary

A company for which a majority of the...

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Capital Leases

are for the purchase of fixed assets such as...

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Emerging Small Business

A small business concern whose...

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Contracting

Purchasing, renting, leasing, or...

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Depreciation

A non-cash operating expense that...

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Normal Annual Sales

Those sales that would have...

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Equity

An accounting term used to...

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