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

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.

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SBA 504 Loans

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SBA Microloans

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.

Corporation (C-corp.)

The most common form of business org...

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Companion File

When an applicant has another application filed...

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Hardship Waiver

Method used to approve a...

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Duplicated Interest

The amount of interest exp...

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Contracting

Purchasing, renting, leasing, or...

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Contract

A mutually binding legal rel..

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Comparative Analysis

Is designed to point out significant trends that...

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Available Asset Test

Part of the CET that determines if an applicant(s) has...

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Contracting Officer

A person with the authority to...

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Affiliate

Business concerns are affiliates if one concern...

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Mentor

A business, usually large, or...

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Cash Available to Service Additional Debt (CASAD)

The cash flow determined that...

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Applicant/Co-Applicant

Business entity and person requesting...

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Substantial Damage

This means uninsured or otherwise uncompensated...

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Loan Authorization and Agreement (LA&A)

A contract between SBA and the borrower that...

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