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.
Contracting Officer
A person with the authority to...
Prime Contract
A contract awarded directly...
Credit Elsewhere Test (CET)
The test to determine the...
Business Activity
The business (or loss) activity of...
Hardship Waiver
Method used to approve a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Collateral
Assets pledged by a borrower to secure a loan...
Certified 8(a) Firm
A firm owned and operated by socially and...
Small Disadvantaged Business Concern
A small business concern that...
Electronic Data Interchange
Transmission of information bet...
Physical Loans
Funds to repair/replace dis...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Small Business
A business smaller than...
Certificate of Competency
A certificate issued by the Small Bus...

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