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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Physical Loans
Funds to repair/replace dis...
Injury Analysis
Measures the effects of...
Acquisition
The acquiring of supplies or...
Joint Venture
In the SBA Mentor-Protégé Program...
Duplicated Interest
The amount of interest exp...
Guarantor
The legal entity and...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Partnership
A type of unincorporated business org...
Prime Contract
A contract awarded directly...
Projection
An estimate of future economic or...
Certificate of Competency
A certificate issued by the Small Bus...
Credit Score Test
Part of the home loan CET show a...
Days Receivable
A measure of the average time a...
Subcontract
A contract between a prime cont...

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