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.
Affiliates
Business concerns, organizations, or...
Working Capital (WC)
The amount of current assets that...
Credit Score Test
Part of the home loan CET show a...
Best and Final Offer
For negotiated procurements...
Contract
A mutually binding legal rel..
Assets
The amount of current assets that is left...
Fair and Reasonable Price
A price that is fair to both parties...
Comparative Analysis
Is designed to point out significant trends that...
Contracting Officer
A person with the authority to...
Defense Contractor
Any person who enters into...
Contracting
Purchasing, renting, leasing, or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant/Co-Applicant
Business entity and person requesting...
Substantial Damage
This means uninsured or otherwise uncompensated...
Corporation (C-corp.)
The most common form of business org...

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