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.
Working Capital (WC)
The amount of current assets that...
Principal
the owner(s) of the Applicant Entity that...
Applicant/Co-Applicant
Business entity and person requesting...
SCORE
Counselors to America's Small Bus...
Primary Activity
The major business activity of...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Intermediary Organization
Organizations that play a funda...
Trend Analysis
A comparative analysis of...
Substantial Damage
This means uninsured or otherwise uncompensated...
Limited Partnership
A business organization with one or...
Acquisition
The acquiring of supplies or...
Companion File
When an applicant has another application filed...
Income Statement
Shows the entity’s income and...
Emerging Small Business
A small business concern whose...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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