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

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SBA Glossary

Common SBA Terms

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

Best and Final Offer

For negotiated procurements...

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Amortization

A non-cash operating expense that...

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Income Statement

Shows the entity’s income and...

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Corporation (C-corp.)

The most common form of business org...

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Primary Activity

The major business activity of...

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Comparative Analysis

Is designed to point out significant trends that...

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Mentor

A business, usually large, or...

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Limited Liability Entities (company/partnership)

An LLE provides business owners with...

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Hardship Waiver

Method used to approve a...

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Protégé

A firm in a developmental stage that...

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Substantial Damage

This means uninsured or otherwise uncompensated...

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Principal

the owner(s) of the Applicant Entity that...

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Certified 8(a) Firm

A firm owned and operated by socially and...

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Partnering

A mutually beneficial business-to-bus...

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Subcontract

A contract between a prime cont...

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