Source: SBA.gov

Depreciation

A non-cash operating expense that reduces the value of a tangible asset as a result of wear and tear, age, or obsolescence. Depreciation is recorded in the financial statements of an entity as a reduction in the carrying value of the asset in the balance sheet and as an expense in the income statement.

Updated on

September 9, 2022

Published on

June 20, 2018

SBA 7a Loans

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The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.

Credit Score Test

Part of the home loan CET show a...

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Defense Contractor

Any person who enters into...

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Liabilities

A financial obligation...

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Extraordinary Items

Additional expenses that are...

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Break-even Analysis

A calculation of the approximate sales...

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Comparative Analysis

Is designed to point out significant trends that...

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Best and Final Offer

For negotiated procurements...

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Cash Flow Test

Part of the CET that determines if...

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Contractor Team Arrangement

An arrangement in which...

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Companion File

When an applicant has another application filed...

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Sole Proprietor

an individual who...

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Operating Leases

are deducted on the company’s...

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Electronic Data Interchange

Transmission of information bet...

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Cash-basis Accounting

records revenue when cash is...

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Amortization

A non-cash operating expense that...

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