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.

Explore 7a loans

SBA 504 Loans

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

Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.

Explore microloans

SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.

Assets

The amount of current assets that is left...

Go to full definition ->

Standard Industrial Classification (SIC) Code

A code representing a category within...

Go to full definition ->

Applicant Individual

aka who is requesting an SBA loan...

Go to full definition ->

Physical Loans

Funds to repair/replace dis...

Go to full definition ->

Schedule of Liabilities

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

Go to full definition ->

Limited Liability Entities (company/partnership)

An LLE provides business owners with...

Go to full definition ->

Small Disadvantaged Business Concern

A small business concern that...

Go to full definition ->

Contractor Team Arrangement

An arrangement in which...

Go to full definition ->

Corporation (C-corp.)

The most common form of business org...

Go to full definition ->

Equity

An accounting term used to...

Go to full definition ->

Days Receivable

A measure of the average time a...

Go to full definition ->

S-Corporation

A form of corporation, allowed by...

Go to full definition ->

Normal Gross Margin

The margin that would have been...

Go to full definition ->

SCORE

Counselors to America's Small Bus...

Go to full definition ->

Cash Flow Test

Part of the CET that determines if...

Go to full definition ->

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.