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.
Income Statement
Shows the entity’s income and...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Amortization
A non-cash operating expense that...
Emerging Small Business
A small business concern whose...
Guarantor
The legal entity and...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Normal Annual Sales
Those sales that would have...
Physical Loans
Funds to repair/replace dis...
Lien
A legal claim against an...
S-Corporation
A form of corporation, allowed by...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Contracting
Purchasing, renting, leasing, or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Equity
An accounting term used to...

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