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.
Injury Period
The time period during...
Collateral
Assets pledged by a borrower to secure a loan...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Duplicated Interest
The amount of interest exp...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Defense Contractor
Any person who enters into...
Credit Elsewhere Test (CET)
The test to determine the...
Current Liabilities
A balance sheet item, which...
Cash-basis Accounting
records revenue when cash is...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Substantial Damage
This means uninsured or otherwise uncompensated...
Comparative Analysis
Is designed to point out significant trends that...
Partnership
A type of unincorporated business org...
Intermediary Organization
Organizations that play a funda...

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