Glossary
SBA Terms

Capital Leases

are for the purchase of fixed assets (machinery/equipment) and these assets are shown on the company’s balance sheet and represent a fixed debt. If the lease is a capital lease, the debt should be shown as a Note Payable.

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.
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Schedule of Liabilities
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Standard Industrial Classification (SIC) Code
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Available Asset Test
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Hardship Waiver
Method used to approve a...
Credit Elsewhere Test (CET)
The test to determine the...
Injury Period
The time period during...
Prime Contract
A contract awarded directly...
SCORE
Counselors to America's Small Bus...
Equity
An accounting term used to...
Sole Proprietor
an individual who...

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