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.

Intermediary Organization

Organizations that play a funda...

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P&L (Profit and Loss Statement)

also considered as Income Statement or...

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Request for Proposal (RFP)

A document outlining a...

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Phase 2

Process to be used to determine economic injury for...

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GPM%

The measure of every sales dollar left...

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Physical Loans

Funds to repair/replace dis...

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Normal Annual Sales

Those sales that would have...

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Schedule of Liabilities

A business debt schedule that lists all of the debts...

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SAE (Stand Alone Economic Injury Disaster Loan)

provide necessary working capital to...

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Joint Venture

In the SBA Mentor-Protégé Program...

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Duplicated Interest

The amount of interest exp...

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Certificate of Competency

A certificate issued by the Small Bus...

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Balance Sheet or Statement of Financial Position

Assets = Liabilities + Equity...

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Days Receivable

A measure of the average time a...

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Applicant Entity

The business entity requesting...

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