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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SBA 504 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.

Partnership

A type of unincorporated business org...

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Best and Final Offer

For negotiated procurements...

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Loan Authorization and Agreement (LA&A)

A contract between SBA and the borrower that...

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Standard Industrial Classification (SIC) Code

A code representing a category within...

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P&L (Profit and Loss Statement)

also considered as Income Statement or...

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GPM%

The measure of every sales dollar left...

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Credit Elsewhere Test (CET)

The test to determine the...

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Emerging Small Business

A small business concern whose...

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Applicant/Co-Applicant

Business entity and person requesting...

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Phase 2

Process to be used to determine economic injury for...

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Equity

An accounting term used to...

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Capital Leases

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

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Accrual Basis Accounting

recognizes revenues when earned and expenses are...

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Substantial Damage

This means uninsured or otherwise uncompensated...

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Federal Acquisition Regulation (FAR)

The body of regulations which is...

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