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

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.

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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.

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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.

Limited Liability Entities (company/partnership)

An LLE provides business owners with...

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Cash Available to Service Additional Debt (CASAD)

The cash flow determined that...

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Defense Contractor

Any person who enters into...

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Mentor

A business, usually large, or...

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Current Assets

A balance sheet item which equals...

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Affiliates

Business concerns, organizations, or...

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Federal Acquisition Regulation (FAR)

The body of regulations which is...

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Liabilities

A financial obligation...

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Small Business Innovative Research (SBIR) Contract

A type of contract designed to...

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SAE (Stand Alone Economic Injury Disaster Loan)

provide necessary working capital to...

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Schedule of Liabilities

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

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Partnering

A mutually beneficial business-to-bus...

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Loan Authorization and Agreement (LA&A)

A contract between SBA and the borrower that...

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Economic Injury Disaster Loan (EIDL)

a working capital loan that...

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Substantial Damage

This means uninsured or otherwise uncompensated...

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