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
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.
Mentor
A business, usually large, or...
Current Liabilities
A balance sheet item, which...
Corporation (C-corp.)
The most common form of business org...
Negotiation
Contracting through the use of...
Partnering
A mutually beneficial business-to-bus...
Prime Contract
A contract awarded directly...
Business Activity
The business (or loss) activity of...
Normal Gross Margin
The margin that would have been...
Best and Final Offer
For negotiated procurements...
Contract
A mutually binding legal rel..
Emerging Small Business
A small business concern whose...
Sole Proprietor
an individual who...
Liabilities
A financial obligation...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Collateral
Assets pledged by a borrower to secure a loan...

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