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.

Business Activity

The business (or loss) activity of...

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Coastal Barrier Resource Area (COBRA)

A flood prone area in which...

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Partnership

A type of unincorporated business org...

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Physical Loans

Funds to repair/replace dis...

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Operating Leases

are deducted on the company’s...

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Assets

The amount of current assets that is left...

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Credit Score Test

Part of the home loan CET show a...

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Loan Authorization and Agreement (LA&A)

A contract between SBA and the borrower that...

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Defense Acquisition Regulatory Council (DARC)

A group composed of rep...

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Accrual Basis Accounting

recognizes revenues when earned and expenses are...

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Subcontract

A contract between a prime cont...

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SAE (Stand Alone Economic Injury Disaster Loan)

provide necessary working capital to...

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Lien

A legal claim against an...

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Affiliates

Business concerns, organizations, or...

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Income Statement

Shows the entity’s income and...

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