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.
Contract
A mutually binding legal rel..
Contracting Officer
A person with the authority to...
Affiliates
Business concerns, organizations, or...
Defense Contractor
Any person who enters into...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Corporation (C-corp.)
The most common form of business org...
Subsidiary
A company for which a majority of the...
S-Corporation
A form of corporation, allowed by...
Emerging Small Business
A small business concern whose...
NAICS
NAICS codes are common...
Trend Analysis
A comparative analysis of...
Collateral
Assets pledged by a borrower to secure a loan...
Request for Proposal (RFP)
A document outlining a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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