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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SBA 504 Loans

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SBA Microloans

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.

NAICS

NAICS codes are common...

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Negotiation

Contracting through the use of...

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Electronic Data Interchange

Transmission of information bet...

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Equity

An accounting term used to...

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Full and Open Competition

With respect to a contract action...

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Defense Contractor

Any person who enters into...

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Adjusted Net Worth

Post disaster fair market value of tangible...

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Capital Leases

are for the purchase of fixed assets such as...

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Substantial Damage

This means uninsured or otherwise uncompensated...

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SAE (Stand Alone Economic Injury Disaster Loan)

provide necessary working capital to...

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Applicant Entity

The business entity requesting...

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Affiliate

Business concerns are affiliates if one concern...

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Assets

The amount of current assets that is left...

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Balance Sheet or Statement of Financial Position

Assets = Liabilities + Equity...

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Credit Elsewhere Test (CET)

The test to determine the...

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