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.
Emerging Small Business
A small business concern whose...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Lien
A legal claim against an...
Contractor Team Arrangement
An arrangement in which...
Business Activity
The business (or loss) activity of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Adjusted Net Worth
Post disaster fair market value of tangible...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Prime Contract
A contract awarded directly...
Protégé
A firm in a developmental stage that...
Credit Score Test
Part of the home loan CET show a...
Certified 8(a) Firm
A firm owned and operated by socially and...
NAICS
NAICS codes are common...
Injury Period
The time period during...
GPM%
The measure of every sales dollar left...

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