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

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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...

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SCORE

Counselors to America's Small Bus...

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Sole Proprietor

an individual who...

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DBA

ex. Blocker & Sons LLC, doing business as Bob's Burgers

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Amortization

A non-cash operating expense that...

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Phase 1

Process used to determine the...

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Capital Leases

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

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Extraordinary Items

Additional expenses that are...

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Available Asset Test

Part of the CET that determines if an applicant(s) has...

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Duplicated Interest

The amount of interest exp...

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Contracting Officer

A person with the authority to...

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Collateral

Assets pledged by a borrower to secure a loan...

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Emerging Small Business

A small business concern whose...

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Defense Contractor

Any person who enters into...

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Liabilities

A financial obligation...

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