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.
Primary Activity
The major business activity of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Period
The time period during...
Operating Leases
are deducted on the company’s...
Physical Loans
Funds to repair/replace dis...
Cash-basis Accounting
records revenue when cash is...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Business Activity
The business (or loss) activity of...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Credit Score Test
Part of the home loan CET show a...
GPM%
The measure of every sales dollar left...
Mentor
A business, usually large, or...
SCORE
Counselors to America's Small Bus...
Contracting Officer
A person with the authority to...
Extraordinary Items
Additional expenses that are...

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