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
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.
Hardship Waiver
Method used to approve a...
Partnership
A type of unincorporated business org...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Assets
The amount of current assets that is left...
Amortization
A non-cash operating expense that...
Mentor
A business, usually large, or...
Extraordinary Items
Additional expenses that are...
Certificate of Competency
A certificate issued by the Small Bus...
Limited Partnership
A business organization with one or...
Business Activity
The business (or loss) activity of...
Operating Leases
are deducted on the company’s...
Injury Period
The time period during...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Collateral
Assets pledged by a borrower to secure a loan...

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