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.
Small Disadvantaged Business Concern
A small business concern that...
Physical Loans
Funds to repair/replace dis...
Equity
An accounting term used to...
B/E (Business EIDL) Loan
A business loan that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Business Activity
The business (or loss) activity of...
Primary Activity
The major business activity of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Corporation (C-corp.)
The most common form of business org...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Assets
The amount of current assets that is left...
Current Assets
A balance sheet item which equals...

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