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.
Operating Leases
are deducted on the company’s...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Mentor
A business, usually large, or...
Small Business
A business smaller than...
Small Disadvantaged Business Concern
A small business concern that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Applicant Individual
aka who is requesting an SBA loan...
Affiliated Group
When two or more...
Joint Venture
In the SBA Mentor-Protégé Program...
Liabilities
A financial obligation...
Certificate of Competency
A certificate issued by the Small Bus...
Affiliates
Business concerns, organizations, or...
S-Corporation
A form of corporation, allowed by...
Limited Partnership
A business organization with one or...
Emerging Small Business
A small business concern whose...

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