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.
Adjusted Net Worth
Post disaster fair market value of tangible...
Credit Score Test
Part of the home loan CET show a...
Applicant Entity
The business entity requesting...
Acquisition
The acquiring of supplies or...
Applicant Individual
aka who is requesting an SBA loan...
Phase 2
Process to be used to determine economic injury for...
Break-even Analysis
A calculation of the approximate sales...
Affiliated Group
When two or more...
Request for Proposal (RFP)
A document outlining a...
Sole Proprietor
an individual who...
Income Statement
Shows the entity’s income and...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Current Liabilities
A balance sheet item, which...
Limited Partnership
A business organization with one or...

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