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.
Current Assets
A balance sheet item which equals...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Collateral
Assets pledged by a borrower to secure a loan...
Request for Proposal (RFP)
A document outlining a...
Business Activity
The business (or loss) activity of...
Contracting Officer
A person with the authority to...
Credit Elsewhere Test (CET)
The test to determine the...
Emerging Small Business
A small business concern whose...
Contract
A mutually binding legal rel..
Best and Final Offer
For negotiated procurements...
Operating Leases
are deducted on the company’s...
Certificate of Competency
A certificate issued by the Small Bus...
Limited Partnership
A business organization with one or...
Applicant Entity
The business entity requesting...

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