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

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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.

Working Capital (WC)

The amount of current assets that...

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Electronic Data Interchange

Transmission of information bet...

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Small Business

A business smaller than...

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Companion File

When an applicant has another application filed...

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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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Phase 1

Process used to determine the...

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Schedule of Liabilities

A business debt schedule that lists all of the debts...

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Request for Proposal (RFP)

A document outlining a...

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Economic Injury Disaster Loan (EIDL)

a working capital loan that...

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Partnership

A type of unincorporated business org...

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Defense Acquisition Regulatory Council (DARC)

A group composed of rep...

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P&L (Profit and Loss Statement)

also considered as Income Statement or...

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Full and Open Competition

With respect to a contract action...

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Balance Sheet or Statement of Financial Position

Assets = Liabilities + Equity...

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