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.
Joint Venture
In the SBA Mentor-Protégé Program...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Normal Gross Margin
The margin that would have been...
Applicant Entity
The business entity requesting...
Best and Final Offer
For negotiated procurements...
Affiliates
Business concerns, organizations, or...
Equity
An accounting term used to...
Contract
A mutually binding legal rel..
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Depreciation
A non-cash operating expense that...
GPM%
The measure of every sales dollar left...
S-Corporation
A form of corporation, allowed by...
Subcontract
A contract between a prime cont...
SCORE
Counselors to America's Small Bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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