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.
Companion File
When an applicant has another application filed...
Affiliate
Business concerns are affiliates if one concern...
Hardship Waiver
Method used to approve a...
Mentor
A business, usually large, or...
Affiliated Group
When two or more...
Primary Activity
The major business activity of...
Normal Annual Sales
Those sales that would have...
Capital Leases
are for the purchase of fixed assets such as...
Contractor Team Arrangement
An arrangement in which...
Lien
A legal claim against an...
Subcontract
A contract between a prime cont...
Substantial Damage
This means uninsured or otherwise uncompensated...
Break-even Analysis
A calculation of the approximate sales...
SCORE
Counselors to America's Small Bus...
Days Receivable
A measure of the average time a...

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