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 Entity
The business entity requesting...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Applicant/Co-Applicant
Business entity and person requesting...
Emerging Small Business
A small business concern whose...
Lien
A legal claim against an...
Corporation (C-corp.)
The most common form of business org...
NAICS
NAICS codes are common...
Electronic Data Interchange
Transmission of information bet...
Days Receivable
A measure of the average time a...
Credit Score Test
Part of the home loan CET show a...
Contractor Team Arrangement
An arrangement in which...
GPM%
The measure of every sales dollar left...
Capital Leases
are for the purchase of fixed assets such as...
Small Business
A business smaller than...
Days Payable
A measure of the average time a...

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