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.
Protégé
A firm in a developmental stage that...
Phase 1
Process used to determine the...
Phase 2
Process to be used to determine economic injury for...
Operating Leases
are deducted on the company’s...
Credit Score Test
Part of the home loan CET show a...
Applicant/Co-Applicant
Business entity and person requesting...
Emerging Small Business
A small business concern whose...
Credit Elsewhere Test (CET)
The test to determine the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Joint Venture
In the SBA Mentor-Protégé Program...
Guarantor
The legal entity and...
Contracting Officer
A person with the authority to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Best and Final Offer
For negotiated procurements...
Prime Contract
A contract awarded directly...

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