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.
Contracting Officer
A person with the authority to...
Credit Elsewhere Test (CET)
The test to determine the...
Trend Analysis
A comparative analysis of...
Duplicated Interest
The amount of interest exp...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Working Capital (WC)
The amount of current assets that...
B/E (Business EIDL) Loan
A business loan that...
Capital Leases
are for the purchase of fixed assets such as...
Collateral
Assets pledged by a borrower to secure a loan...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contracting
Purchasing, renting, leasing, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Injury Period
The time period during...
Extraordinary Items
Additional expenses that are...
Small Business
A business smaller than...

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