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.
Small Business
A business smaller than...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Subsidiary
A company for which a majority of the...
Days Receivable
A measure of the average time a...
Protégé
A firm in a developmental stage that...
GPM%
The measure of every sales dollar left...
Cash Flow Test
Part of the CET that determines if...
Companion File
When an applicant has another application filed...
Partnering
A mutually beneficial business-to-bus...
Cash-basis Accounting
records revenue when cash is...
Limited Partnership
A business organization with one or...
Electronic Data Interchange
Transmission of information bet...
Substantial Damage
This means uninsured or otherwise uncompensated...
NAICS
NAICS codes are common...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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