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.
Normal Gross Margin
The margin that would have been...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Applicant/Co-Applicant
Business entity and person requesting...
Request for Proposal (RFP)
A document outlining a...
Corporation (C-corp.)
The most common form of business org...
Equity
An accounting term used to...
Liabilities
A financial obligation...
Affiliate
Business concerns are affiliates if one concern...
Current Assets
A balance sheet item which equals...
Assets
The amount of current assets that is left...
Lien
A legal claim against an...
Intermediary Organization
Organizations that play a funda...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Business Activity
The business (or loss) activity of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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