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.
Days Receivable
A measure of the average time a...
Contracting
Purchasing, renting, leasing, or...
Projection
An estimate of future economic or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contractor Team Arrangement
An arrangement in which...
Intermediary Organization
Organizations that play a funda...
Working Capital (WC)
The amount of current assets that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Contract
A mutually binding legal rel..
Cash-basis Accounting
records revenue when cash is...
Guarantor
The legal entity and...
SCORE
Counselors to America's Small Bus...
Amortization
A non-cash operating expense that...
S-Corporation
A form of corporation, allowed by...

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