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.
SCORE
Counselors to America's Small Bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Electronic Data Interchange
Transmission of information bet...
Depreciation
A non-cash operating expense that...
Defense Contractor
Any person who enters into...
Collateral
Assets pledged by a borrower to secure a loan...
Companion File
When an applicant has another application filed...
Fair and Reasonable Price
A price that is fair to both parties...
Phase 1
Process used to determine the...
Applicant/Co-Applicant
Business entity and person requesting...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Guarantor
The legal entity and...
Prime Contract
A contract awarded directly...
Mentor
A business, usually large, or...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.