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

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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...

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Phase 1

Process used to determine the...

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Equity

An accounting term used to...

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Sole Proprietor

an individual who...

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Defense Contractor

Any person who enters into...

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Liabilities

A financial obligation...

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Small Disadvantaged Business Concern

A small business concern that...

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Substantial Damage

This means uninsured or otherwise uncompensated...

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Applicant Individual

aka who is requesting an SBA loan...

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Small Business

A business smaller than...

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Amortization

A non-cash operating expense that...

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Affiliates

Business concerns, organizations, or...

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GPM%

The measure of every sales dollar left...

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Affiliated Group

When two or more...

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Phase 2

Process to be used to determine economic injury for...

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