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.
Electronic Data Interchange
Transmission of information bet...
Principal
the owner(s) of the Applicant Entity that...
Companion File
When an applicant has another application filed...
Contractor Team Arrangement
An arrangement in which...
Injury Period
The time period during...
Projection
An estimate of future economic or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Collateral
Assets pledged by a borrower to secure a loan...
Request for Proposal (RFP)
A document outlining a...
Injury Analysis
Measures the effects of...
Subcontract
A contract between a prime cont...
SCORE
Counselors to America's Small Bus...
Duplicated Interest
The amount of interest exp...
Emerging Small Business
A small business concern whose...
Prime Contract
A contract awarded directly...

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