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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SBA Glossary

Common SBA Terms

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

Cash Available to Service Additional Debt (CASAD)

The cash flow determined that...

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Phase 2

Process to be used to determine economic injury for...

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B/E (Business EIDL) Loan

A business loan that...

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Cash-basis Accounting

records revenue when cash is...

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Standard Industrial Classification (SIC) Code

A code representing a category within...

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Subcontract

A contract between a prime cont...

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Small Business Innovative Research (SBIR) Contract

A type of contract designed to...

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Credit Score Test

Part of the home loan CET show a...

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Physical Loans

Funds to repair/replace dis...

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NAICS

NAICS codes are common...

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S-Corporation

A form of corporation, allowed by...

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Full and Open Competition

With respect to a contract action...

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Extraordinary Items

Additional expenses that are...

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Limited Partnership

A business organization with one or...

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Loan Authorization and Agreement (LA&A)

A contract between SBA and the borrower that...

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