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.
Applicant Individual
aka who is requesting an SBA loan...
Current Assets
A balance sheet item which equals...
Applicant Entity
The business entity requesting...
Companion File
When an applicant has another application filed...
Mentor
A business, usually large, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Affiliated Group
When two or more...
Business Activity
The business (or loss) activity of...
Contractor Team Arrangement
An arrangement in which...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Duplicated Interest
The amount of interest exp...
Injury Analysis
Measures the effects of...
Cash-basis Accounting
records revenue when cash is...
Emerging Small Business
A small business concern whose...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.