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 Individual
aka who is requesting an SBA loan...
Negotiation
Contracting through the use of...
Guarantor
The legal entity and...
Small Business
A business smaller than...
Full and Open Competition
With respect to a contract action...
Applicant Entity
The business entity requesting...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Best and Final Offer
For negotiated procurements...
Days Receivable
A measure of the average time a...
Normal Annual Sales
Those sales that would have...
Partnership
A type of unincorporated business org...
Current Assets
A balance sheet item which equals...
Corporation (C-corp.)
The most common form of business org...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Adjusted Net Worth
Post disaster fair market value of tangible...

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