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.

Comparative Analysis

Is designed to point out significant trends that...

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Substantial Damage

This means uninsured or otherwise uncompensated...

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Schedule of Liabilities

A business debt schedule that lists all of the debts...

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Capital Leases

are for the purchase of fixed assets such as...

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Applicant Entity

The business entity requesting...

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Days Payable

A measure of the average time a...

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Contractor Team Arrangement

An arrangement in which...

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Business Activity

The business (or loss) activity of...

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Partnership

A type of unincorporated business org...

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Collateral

Assets pledged by a borrower to secure a loan...

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Credit Score Test

Part of the home loan CET show a...

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Equity

An accounting term used to...

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Partnering

A mutually beneficial business-to-bus...

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Primary Activity

The major business activity of...

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Physical Loans

Funds to repair/replace dis...

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